It looks like DAX is undergoing a correction after a prolonged bull rally. However, based on my personal experience, if the Fibonacci level has broken the 0.618 level, I generally consider this as a trend reversal. We can now say corrections are upwards rather than downwards. Therefore, my view on DAX is a trend reversal, and the rises are opportunities for selling with stops.
FibonacciSupport and ResistanceTrend Lines

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