{"id":12363,"date":"2025-03-17T16:34:03","date_gmt":"2025-03-17T16:34:03","guid":{"rendered":"https:\/\/alchemymarkets.wpengine.com\/?post_type=market_insights&#038;p=9384"},"modified":"2025-05-16T09:40:16","modified_gmt":"2025-05-16T09:40:16","slug":"dax-uptrend-still-intact","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/it\/education\/market-insights\/elliott-wave\/dax-uptrend-still-intact\/","title":{"rendered":"DAX Elliott Wave: Uptrend Still Intact, but a Correction Looms"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bullish bias continues<\/strong>, with the DAX in a <strong>third wave extension<\/strong> of a larger impulse.<\/li>\n\n\n\n<li><strong>Key target<\/strong> near <strong>23,830<\/strong> (1.618 Fibonacci extension of previous wave).<\/li>\n\n\n\n<li><strong>Potential pullback target<\/strong>: 21,995\u201321,780 zone if wave (iv) develops.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Current Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/03\/DAX_2025-03-17_11-30-42-1024x683.png\" alt=\"\" class=\"wp-image-9387\" \/><\/figure>\n\n\n\n<p>The <strong>DAX Index<\/strong> remains in a well-established uptrend as previously forecasted in early February, \u201c<a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/dax-bulls-on-mission\/\">Bulls on a Mission<\/a>\u201d. DAX is forming an <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> <strong>five-wave impulse pattern<\/strong>. The <strong>primary trend<\/strong> suggests the index is currently in<strong> ((iii))<\/strong> at a higher degree. We are considering that wave (iii) of ((iii)) may have topped at 23,475 on March 6. The <strong>wave (iii)<\/strong> has extended within a strong <strong>channel<\/strong>, indicating bullish momentum.<\/p>\n\n\n\n<p>We are following an alternative count that varies slightly where at a <strong>lower degree<\/strong> <strong>wave iv<\/strong>, a corrective phase, just ended. That implies a final push higher in wave <strong>v of (iii)<\/strong>. A target for wave v of (iii) shows wave relationships near 23,830 where wave (iii) is <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">1.618 Fibonacci extension<\/a> of wave (i).\u00a0<\/p>\n\n\n\n<p>The <strong>Relative Strength Index at 60.52<\/strong> suggests a trend moving to the upside and that aligns with a fifth wave at a smaller degree of trend.<\/p>\n\n\n\n<p>The bullish forecast remains viable so long as prices don\u2019t press below the wave i of (iii) high of 20,522.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>DAX\u2019s <strong>impulse wave structure remains bullish<\/strong>, with the <strong>potential for a short-term correction<\/strong> before a final <strong>wave v push higher<\/strong>. <a href=\"https:\/\/alchemymarkets.wpengine.com\/education\/guides\/support-and-resistance\/\">Key support<\/a> lies between <strong>21,995 and 21,780<\/strong>, while upside targets appear near<strong> 23,830 and 25,725<\/strong>. Traders should <strong>watch for signs of exhaustion<\/strong> in the current rally and prepare for a pullback before the next leg higher.<\/p>\n\n\n\n<p><strong><em>You Might Be Interested In:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-alchemy-markets wp-block-embed-alchemy-markets\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"jxidYGmKfq\"><a href=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/chart-of-the-day\/spx-march-2025\/\">SPX Mid-March Reversal in Play? 4H and 1D Double Bottom Spotted<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;SPX Mid-March Reversal in Play? 4H and 1D Double Bottom Spotted&#8221; &#8212; Alchemy Markets\" src=\"https:\/\/alchemymarkets.wpengine.com\/education\/market-insights\/chart-of-the-day\/spx-march-2025\/embed\/#?secret=ea63etthAx#?secret=jxidYGmKfq\" data-secret=\"jxidYGmKfq\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DAX Elliott Wave analysis shows the index remains in a bullish impulse. Pullbacks are likely temporary. Read more for key levels to follow.<\/p>\n","protected":false},"author":160,"featured_media":12452,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-12363","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DAX Elliott Wave: Uptrend Still Intact, but a Correction Looms - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"DAX Elliott Wave analysis shows the index remains in a bullish impulse. Pullbacks are likely temporary. 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