The short-term picture is very clear about a possible strong resistance formed around 9603, where buyers can take profit. However, the bullish bias is still alive, as the Index is doing a consolidation above the 200 SMA in the H1 time frame. A breakout above the 9603 level will expose the DAX to test new highs.
H1 chart's resistance levels: 9497 / 9607
H1 chart's support levels: 9411 / 9305
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the DAX breaks a bullish candlestick; the resistance level is at 9497, take profit is at 9603, and stop loss is at 9388.
