DAX Entered Overbought Zone since 2001! 1M MA50 correction next?DAX IndexXETR_DLY:DAXTradingShotDAX (DE40) has been trading within a Fibonacci Channel since 1970 and following the March 2000 High of the Internet Bubble, it never traded above its 0.618 Fibonacci level. In fact that along with the 0.5 Fib, have set a Resistance Zone which has produced 7 major rejections turned corrections. The 'shortest' of those has been the -24% of 2018 and basically since 2015 all such Bearish Leg corrections have been along this range. And technically all hit at least the 1M MA50 (blue trend-line). The 1M MA200 (orange trend-line) has acted as a historic mega-Support during the 2002 and 2008 market bottoms of the most significant Bear Cycles in the DAX history (Dotcom and U.S. Housing crises). In addition, the 2M RSI has hit (and so far been rejected on) the Resistance Zone since 2000, which initiated three of those major corrections. At the same time, the 2M MACD is close to forming a Bearish Cross, which historically followed the start of correction on 10 occasions. As a result, if this is indeed DAX's new Top within the 0.618 - 0.5 Fib Zone, we expect it to start correcting until it hits its 1M MA50 around 21000. The 1W MA100 (green trend-line), which held on 3 minor pull-backs (March 2026, March 2025, September 2023), should break this time. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇