FxWirePro
Short

DAX30 forms Bearish AB=CD pattern, good to sell on rallies

FX:GER30   DAX index of German listed shares
385 0 7
Pattern formed – Bearish AB=CD Pattern

Potential reversal zone -10830

DAX30             made a temporary top around 10830 and started to decline from that level. It is currently trading around 10732.

The index took support around 55- 4H EMA and jumped slightly from that level. So short term bullishness only above 10830.

Any violation above 10830 targets 11000. On the lower side, any break below 10640 will drag the index down till 10490/10347 ( Oct             13th low).

It is good to sell on rallies around 10700-10720 with SL around 10835 for the TP of 10350
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out