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DAX Wave Analysis – 15 July 2025

DAX: ⬇️ Sell

– DAX reversed from the resistance area

– Likely to fall to support level 23675.00.

DAX index recently reversed down the resistance area between the pivotal resistance level 24500.00 (former top of wave 3 from June) and the upper daily Bollinger Band.

The downward reversal from this resistance zone stopped the earlier short-term ABC correction B.

Given the strength of the resistance level 24500.00, DAX index can be expected to fall further to the next support level 23675.00.

Source: Fxpro

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