Detailed Elliott Wave count for the DEU40 (DAX) on the 4H chart. Exploring Fibonacci targets (24,336 - 25,651) and the technical specifics of the new bullish impulse.
The engine of the European economy, the DAX 40 (DEU40), is exhibiting a powerful recovery in the April 2026 market sessions. When viewed through the lens of Elliott Wave Theory, it appears the index has successfully completed a long-standing corrective phase and has now initiated a fresh "Motive" (Impulsive) wave.
Technical Breakdown and Fibonacci Targets
Our latest chart analysis confirms that wave (4) has reached its bottom, and the subsequent price action indicates a structural reversal. This suggests that the bulls have regained control for the final leg of the major cycle.
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Wave (4) Completion: The index successfully moved past a sharp "ABC" corrective structure, finding solid ground near the 0.5 Fibonacci retracement level.
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First Target (24,336): This level represents the 1.618 Fibonacci extension of the current move and serves as the first major resistance zone.
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Primary Target (25,651): Reaching the 2.618 Fibonacci level aligns with the typical extension characteristics of a terminal wave (5).
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Critical Support: Maintaining price action above the 22,400 zone is vital to keep the current bullish momentum intact.
Market Sentiment and Strategy
The technical path for the DAX 40 is showing a clear upward bias. As the index moves into this new impulse, traders should monitor the interaction at the 24,336 level closely. A high-volume break above this first target would further validate the journey toward the 25,651 peak.
Conclusion
For investors and traders following the German market, the current setup offers a high-probability framework based on classic Elliott Wave proportions. By using the 22,400 support as a reference for risk management, the focus remains on the upside targets as the 5th wave unfolds.