DAX30 has halted its 3-week of bullish trend and shown a minor dip. The index recovered more than 9.5% and hits high of 11260. the main reason for jump is slightly easing US-China trade war and jump in US markets. US markets was trading for 4th consecutive weeks and jumped nearly more than 14% from low made on Dec 26th 2018. DAX has shown a minor recovery after taking support near 11000 level.It is currently trading around 11135.
The index is holding well above 11000 level and this confirms further bullishness a jump till 11592/11869 likely.
On the lower side, any violation below 11000 (trend line support) confirms minor weakness and break below targets 10781 (78.6% fib) /10689/10402.
It is good to buy on dips 11000 with SL around 10780 for the TP of 11590/11869.
