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Short

DAX Index forms Bullish Cypher Pattern, good to sell on rallies

FX:GER30   DAX Index
474 0 5
Harmonic PatternBullish Cypher Pattern

Potential Reversal Zone (PRZ) - 11200

Any break above 11200 confirms minor trend reversal a jump till 11500/11671 is possible.

On the lower side minor support is around 10835 and break below will drag the index down till 10680 ( trend line joining 9899 and 10489).

It is good to sell on rallies around 10950-11000 with SL around 11220 for the TP of 10490/10340
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