
The FDAX daily chart shows a market in transition. Price action is currently above most key moving averages, with the 5, 10, 20, 55, 100, and 200-day benchmarks all trending upward, supporting a bullish intermediate and long-term outlook. The monthly and yearly session fib grids (MSFG, YSFG) both indicate price is above their respective NTZ/F0% levels, confirming upward momentum for the broader timeframes. However, the weekly session fib grid (WSFG) is in a downtrend with price below its NTZ, suggesting short-term weakness or consolidation. Swing pivots reveal a short-term uptrend (UTrend) but an intermediate-term downtrend (DTrend), with the most recent pivot high at 24408 and next potential pivot low at 23918. Resistance is layered at 24891, 24408, and 24169, while support sits at 23778, 23419, and 23285. The ATR and volume metrics indicate moderate volatility and healthy participation. A recent short signal (30 Oct) aligns with the short-term WSFG downtrend, but the overall structure suggests the market is in a corrective phase within a larger bullish context. The chart reflects a market that has pulled back from highs, found support, and is now testing resistance, with the potential for either a continuation higher or further consolidation depending on how price reacts to the 24400–24500 resistance zone.