DAX on short-term Support. Will it hold?Germany 40TRADENATION:DE40TradingShotDAX (DE40) has been trading within a Rising Wedge since the April 07 2025 market Low and following this week's pull-back has found itself just above the 1D MA50 (blue trend-line). This is technically its first Support level, with 1D MA100 (green trend-line) being the final. When the latter broke on March 03 2026 just after a similar Channel Up broke downwards, the index made a strong correction that almost touched the 1W MA100 (red trend-line) before rebounding. That was also exactly on the 0.5 Fibonacci retracement level from the April 07 2025 Low. As a result, if DAX breaks below its current short-term Channel Up, we expect it to quickly drop to 24150 at least (Fib 0.5) before it puts to test not just the 1W MA100 but the Rising Wedge also as a whole. --- ** 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. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇