DAX30 forms bearish BAT pattern, good to sell on rallies

FX:GER30   DAX Index
279 0 10
Harmonic Pattern formed- Bearish Bat pattern

Potential reversal zone (PRZ)- 10487 ( Apr             21st high)

The index has made high of 10374 yesterday and started to decline from that level. It is currently trading around 10224.

Short term trend is weak as long as resistance 10487 holds. Any indicative break above 10487 will take the index up till 10840/11000.

On the lower side support is around 10120 and any break below will drag the index down till 10000/9900/9810.

It is good to sell on rallies around 10250-10300 with SL around 10500 for the TP of 10000/9810.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out