DAX: When Chopy Price Action Calls Next Clear Move

German DAX was very non-directional, basically since June of 2025 and what I see is some very nasty moves on both sides of the market, but what got my attention recently is that the price has stopped at key support levels around 23k to 23300 area, from where we can see a very interesting and strong rebound.

What is most important is that this rebound is coming after only three waves down from all-time highs, so it can be part of a WXY complex correction here in a fourth wave. Of course there can be some other labelings as well, but with any approach you will probably come out with the same idea that this whole price action in this five to six month range is corrective, and whenever we see a correction we know that sooner or later it should be fully retraced, meaning the price could already be headed back toward the highs from current levels.

So I think that as long as we hold 23k, there can be some potential opportunities on intraday retracements on smaller time frames.

GH