Elliott Waves: DAX Back To ATH?

Bull and bear balanced on pencil_Image by Jack_the_sparow via Shutterstock

DAX made a very sharp and aggressive reversal lower, triggered by the tariff announcements from the US at the start of April, causing a strong intraday drop. But with Trump putting some of tariffs on pause, and speculation that they will reach a trade deal with other countries is causing a sharp rebound, with DAX index now eyeing new highs. It seems like this is a new resumption higher, can be fifht wave with room for 25k if not even higher. But after some near-ter setbacks on 4h TF, which shows nice support for next black wave four at 22250.
 

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