The daily chart indicates a bearish long-term outlook, with price currently trading below the 50-day and 200-day moving averages. The 50-day moving average (pink line) has been acting as a resistance level, while the 200-day moving average (green line) is still trending downward. Recent price action suggests a significant drop from the peak of 24,112.772, with the support levels identified at 18,018.002 and 16,800.000. The stochastic momentum indicator (SMI) is trending down, confirming the bearish outlook as it approaches oversold territory, suggesting that further downside movement is likely. Immediate resistance is at 19,676.120, with the next target resistance level at 20,000. Traders should consider a downside target of 15,681.000, with stop losses placed above the recent high at 19,676.120.

The 4-hour chart supports the bearish outlook, with the price approaching critical resistance levels. The stochastic momentum indicator (SMI) shows a negative divergence, signaling weakening momentum despite recent price increases. The price is currently struggling to break above the key resistance at 24,139.186, with support levels located at 23,700.000 and 23,400.000. The 50-period moving average (pink line) is also acting as a short-term resistance, while the 200-period moving average (green line) is still positioned below the price, further signaling a bearish sentiment. A breakdown below the support at 23,400.000 could trigger further downside pressure toward the next support at 23,100.000. Traders should be cautious, considering a stop loss just above 24,139.186 to protect against potential reversals.

The daily chart indicates a neutral bias, with the price currently hovering above the key 200-day moving average (green line), which provides support at 22,450. However, price action shows the market is encountering resistance near 24,450, following a period of consolidation. Moving averages (14-day, 50-day, and 200-day) are in a somewhat bullish alignment, but the recent price action shows a slight divergence, with the 14-day SMA (blue) approaching a flatter trend, indicating potential indecision in the market. The Stochastic Momentum Indicator (SMI) is in a neutral zone, with a -46.58% reading suggesting some downward momentum, though this is not oversold yet. Traders should watch for a breakout above 24,450 for further upside potential, with resistance levels at 24,600. Immediate support is found at 23,977, followed by 23,700. A stop loss near 23,400 is advisable in case of a downside move.

The 4-hour chart presents a bearish short-term outlook, as the price has recently broken below the 50-day moving average (pink line) at 24,160, and the market is testing resistance near 24,300. The Stochastic Momentum Indicator (SMI) is showing a negative divergence, with the current reading at 17.22%, indicating that momentum may be waning, and a potential pullback is in play. The 200-period moving average (green line) is still acting as resistance at 24,160, and the recent price action suggests a consolidation phase or a downward correction. Immediate resistance is at 24,300, with a potential downside target at 23,700 if selling pressure intensifies. Support levels lie at 23,400 and 23,100 A stop loss below 23,100 is recommended for those looking to capitalize on potential short-term short trades.

The DAX on the daily timeframe has entered a vulnerable phase after a prolonged uptrend, with price now trading near 24,110, just above the 50-day SMA (24,110) and still well above the 200-day SMA (22,450). While the long-term structure remains intact, there are warning signals: the Stochastic Momentum Index at -49.04% shows the oscillator trending lower, forming a clear bearish divergence against the higher price peaks registered earlier this year. This suggests momentum is weakening even as price holds near highs. The flattening of the 50-day SMA further highlights fading upward momentum, leaving the index exposed to corrective pressure. Immediate resistance is at 24,500, the recent swing high, followed by 25,000 if buyers regain control. On the downside, initial support lies at 23,800, with deeper levels at 22,450 (200-day SMA) and 21,800, aligning with prior consolidation zones. A close below the 50-day SMA would confirm a shift in bias toward corrective downside, with a stop loss above 24,600 recommended for bearish positioning.

On the 4-hour chart, the DAX has rolled over after failing to sustain the June–July rally, now consolidating around 24,167, with the 14-period SMA (24,005) and 50-period SMA (24,167) acting as immediate dynamic resistance. More importantly, the 200-period SMA (24,167) has flattened, and price has slipped back under it, confirming near-term weakness. The Stochastic Momentum Index (-29.75%) is trending lower, echoing the bearish divergence seen on the daily chart as momentum faded while price attempted to push higher. This reinforces the likelihood of continued selling pressure or sideways correction. Key resistance stands at 24,300, followed by 24,500 if buyers attempt a squeeze higher. Support is at 23,900, with the next downside objective at 23,500 should momentum deteriorate further. The structure suggests selling into rallies is favoured until momentum indicators reset. Traders should consider stops just above 24,400, as a break above this level would invalidate the short-term bearish setup.

The daily chart shows the DAX trading at 24,101, with price consolidating just above the 50-day SMA (24,101) while the 14-day SMA has flattened and converged with it. The 200-day SMA, currently at 22,425, continues to provide strong underlying support, but the recent loss of momentum is evident. Notably, the Stochastic Momentum Index (SMI) has fallen sharply to -37.34%, marking a significant divergence from price, which was holding near all-time highs — a classic bearish divergence that suggests the risk of a broader pullback. Structural support levels lie at 23,500, then 22,425 (the 200-day SMA), with deeper levels at 21,800 and 20,000. Resistance is capped near 24,500, with a potential upside extension only if momentum recovers. Given the loss of upward momentum, traders should consider tightening stops below 23,400 to protect gains, while medium-term traders may position for a correction into the 22,400–22,000 region if the bearish divergence plays out.

On the 4-hour timeframe, the DAX is trading around 24,171, but the structure reflects weakening momentum after repeated failures to clear 24,400. The 14-period SMA has slipped below the 50-period SMA, a negative cross that confirms the loss of short-term trend strength, while price is clinging to the 200-period SMA, which now acts as the last line of support for the current consolidation. The Stochastic Momentum Index (SMI) is at -28.17%, pointing down firmly and aligning with the downward-sloping momentum trendline — a strong bearish divergence versus the price action that had been holding flat. This reinforces the risk of further downside pressure. Immediate support lies at 24,000, followed by 23,750, where prior swing lows align with moving average support. A clean break below these levels could expose the deeper target at 23,400, near the June consolidation floor. Resistance is first at 24,350, then 24,500, where multiple failed rallies stalled in recent weeks. The short-term outlook remains bearish unless price can reclaim and hold above 24,350. For trading, stops on shorts should be kept above 24,450, while tactical downside targets sit between 23,750–23,400.