Thursday, October 15, 2026

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

Harmonic Pattern - Bullish 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…

By Lis Howell
1 min read
FxWirePro: DAX Index forms Bullish Cypher Pattern, good to sell on rallies
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  • Harmonic Pattern - Bullish 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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By FxWirePro Team