DAX Wave Analysis – 6 May 2025

DAX: ⬇️ Sell

– DAX reversed from key resistance level 23435,00

– Likely to fall to support level 22700.00

DAX index recently reversed down from the key resistance level 23435,00 (which stopped the previous impulse wave (1) in the middle of March).

The resistance level 23435,00 was further strengthened by the upper daily Bollinger Band.

Given the strength of the resistance level 23435,00  and the overbought daily Stochastic, DAX index  can be expected to fall to the next support level 22700.00.

Source: https://fxpro.news