Ichimoku Analysis (Hourly chart)
Tenken-Sen- 10745
Kijun-Sen- 10792
DAX30 halted its 1- week of a bullish trend and came down more than 450 points from high of 11032. The decline came due to global stock market sell-off especially S&P500. It hits high of 2953 (previous top 2972) and lost more than 100 points from that level.
Technically, the index should close beyond 11000 for further bullish continuation. Any convincing violation targets 11232/11343 (Apr 30th high). On the flip side, primary support stands at 10580, and the violation below will drag the index underneath till 10450/10378.
It is good to sell on rallies around 10800-820 with SL around 11020 for the TP of 10380.
