The FDAX is exhibiting pronounced downside momentum, with large, fast-moving bars confirming strong selling pressure. Both the weekly and monthly session fib grids (WSFG and MSFG) are deeply negative, with price trading well below their respective NTZ/F0% levels, reinforcing a short-term and intermediate-term bearish bias. Swing pivot analysis shows a clear downtrend in both short and intermediate timeframes, with the most recent pivot low at 22983 and the next potential reversal only above 23749. Multiple resistance levels are stacked above, while support is thin and spaced out, suggesting vulnerability to further declines if 22983 fails to hold. All daily benchmark moving averages (from 5-day to 200-day) are trending down, confirming the prevailing bearish structure across all but the longest timeframe, where the yearly fib grid still shows an uptrend—indicating that the current move is a significant correction within a longer-term bullish context. Volatility is elevated (ATR 230), and volume remains robust (VOLMA 35696), supporting the conviction behind the recent selloff. Recent trade signals have all triggered short entries, aligning with the technical picture. In summary, the FDAX is in a strong corrective phase, with momentum and trend indicators pointing to continued downside risk in the short and intermediate term. The market is testing key support, and unless a reversal develops above 23749, the path of least resistance remains lower. The long-term uptrend is still intact but under pressure, and the next sessions will be critical for determining if this is a deeper retracement or the start of a broader trend change.