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DAX double top forms near all-time highs: Hourly levels

The article says the DAX (Germany 40) is trading near all-time highs but is stuck in a neutral, choppy range around 26,346.5 after forming a potential double-top pattern near 26,527. Momentum signals are mixed: SuperTrend remains bullish, while MACD has turned bearish and RSI shows divergence. Key support is 26,152, while resistance sits between 26,422 and 26,527. A break below support could trigger a deeper correction, while a reclaim above resistance may resume the uptrend toward 27,013. Overall, the market is waiting for a decisive catalyst, with false breakouts likely inside the current range.

Category

Germany 40

Sentiment

Neutral

Event

Technical analysis

Reading time

1 min