German stock exchange tomorrow forecast trading signals Dax Index

German stock market signals today

German stock market signals today

German stock market tomorrow trend analysis and investment signals

German stock market tomorrow short and long term forecasts using WD Gann time cycles.

Historical chart with weekly technical study Dax index

German stock market short-term forecast

Since the expiry of the Minimum Square in the week of 17 May 2024, the German market began to lose the positive directionality that had been triggered at the end of April.

In the following weeks in fact, the trend generated a new negative sideways phase, whose price extremes were bounded by the static octaves, as evident in the picture just above.

Coinciding with the trigonometric weekly set-up on 02 August, prices negatively broke this sideways area, reaching the ascending 1X4 angular support drawn in purple, at 17,024.

Subsequent weekly stock market signals on 16 August highlighted the Frankfurt market’s attempt to restart a new progressive push.

This positivity was then confirmed in the following weeks with prices returning to the highs of 17 May 2024 at 17,280 points.

The next weekly set-up expires in the week of 30 August 2024.

The German stock market positively confirmed the short-term dynamics: next targets area 19,140-19,300 points.

Only a return below 18,520 points will indicate partial weakness: supports in the area 18,300; 18,070.

Frankfurt Index medium-term technical analysis

The trend of the Dax Index has been evolving for more than a decade within a bullish channel delimited by the ascending 1X2 angles, visible in the picture above by the half lines in yellow.

The Frankfurt Stock Exchange in March 2024 reached the price/time ratio of the partial upper part of the bullish corridor for the fourth time.

As can be seen, the interaction with this vector generated a laterality for a few months, then a correction in August 2024.

However, the correction reaching the angular support was rejected and in this very month the Dax Index achieved a bullish out-side.

August 2024 also coincides with a double Least Square.

Therefore the bullish trend has been confirmed again and the next price/time targets are in the area 19,270; 19,500 points.

Support for a possible correction in the 17,800 area.

Dax Index long-term trend

The long-term momentum has turned positive with the bullish out-side of Q3 2024.

The next targets remain 18,600 and 20,000 points.

The upper part of the long-term bullish channel in the fourth quarter is in the area of 20,800.

The analysis on the Frankfurt Stock Exchange was illustrated by means of the Gann technique and using the Top Trader(c) stock exchange software.