DAX technical analysis
In mid-May, the Germany 40 (DAX) burst above the double top at 23,746ish from March this year before hitting a record high of 24,639 in mid-July.
After spending a few weeks consolidating its gain between 24,500 and 23,900, it dipped to 23,380 before bouncing from support provided by the double top from earlier this year at the 23,450 area.
A sustained break of support around the 23,380 area would open the way for a deeper decline back to the June low at 23,051.
On the upside, a move above resistance at 24,550 to 24,650 would signal renewed bullish momentum with the potential to push higher towards the next upside level at 25,000.