Thursday, October 15, 2026

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FxWirePro: DAX30 forms Bullish Bat Pattern, good to buy at dips

Harmonic Pattern formed – Bullish Bat Pattern Potential reversal Zone (PRZ) – 9395 The index has made a low of 9501 and slightly recovered from that level. It is currently trading around 9667. Short term trend is slightl…

By FxWire Pro
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FxWirePro: DAX30 forms Bullish Bat Pattern, good to buy at dips
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  • Harmonic Pattern formed – Bullish Bat Pattern
     
  • Potential reversal Zone (PRZ) – 9395
     
  • The index has made a low of 9501 and slightly recovered from that level. It is currently trading around 9667.
     
  • Short term trend is slightly bullish as long as support 9395 holds.
     
  • Any break below 9395 will drag the index down till 9300/9125.The minor support is around 9500.
     
  • On the higher side resistance is around 9620 and any break above will take the index till 9705 (4H Tenken-Sen)/9807/9880.

It is good to buy at dips around 9510-9520 with SL around 9395 for the TP of 9800/9880.

 

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