Thursday, October 15, 2026

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FxWirePro: DAX30 forms bearish BAT pattern, good to sell on rallies

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. S…

By FxWire Pro
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FxWirePro: DAX30 forms bearish BAT pattern, good to sell on rallies
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  • 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.

 

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