Buy entries with tight SL can be attractive from here or from the area below the red lines, with a profit target of approximately 100 points until 12,000 or higher at 12,100-200.
The colored box is an area the index can range within for this and next week.
If there are further declines then 11,650 which is the 200-day average can be a stronger support.
The German index is on an uptrend since January but enjoys the occasional pullback of 400-500 points. The latest drop from the yearly highs of 12,400 is the third such pullback (about 600 points).
It's good for a rebound but should be monitored in case the red dotted lines are broken decisively.
Regardless, the 11,800-12,000 area is very critical for the medium/long-term performance of the Dax .