DAX in Triple-Mode – Is 22,100 Coming Next Week?

DAX in Triple-Mode – Is 22,100 Coming Next Week?

1. Current Market Situation
Over the past three trading weeks, the DAX has displayed nearly identical price patterns—a triple pattern that indicates a clear uptrend. In my over 25 years of experience in trading, such repetition is extremely rare, raising the question of whether this pattern will continue.

2. Technical Analysis

Confirmed Uptrend:
The DAX is clearly in an uptrend. For me, the key level is around 21,460. As long as the price stays above this level, it suggests that buyers remain in control and the market is bullish.
Possible Scenarios:
- Long Scenario:
  If the DAX holds above 21,460, it is very plausible that the 22,100 level could be reached next week. The consistent price movements over the past three weeks support this assumption.
- Short Scenario:
  Conversely, if there is a sustained break below 21,460, the downward pressure may increase, potentially pushing the DAX towards 21,000. In this case, the short side would become more attractive, especially for cautious traders.

3. Conclusion and Outlook
The exceptional triple pattern observed over the last three weeks underscores the current strength of the DAX. As long as the price remains above 21,460, an upward move seems plausible—with the 22,100 level potentially becoming a reality next week. However, a sustained drop below this key level should be viewed as a warning sign, potentially triggering a correction towards 21,000.

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