DAX30 forms Bullish Gartley pattern, good to sell on rallies
Harmonic Pattern –Bullish Gartley pattern
Major resistance – 9625
The index has retreated after making a high of 9576. It is currently trading around 9415.
Short term trend is still bearish as long as resistance 9625 holds.
On the lower side major support is around 9300 and break below targets 9130/9078/9000.
Any break above 9625 will take the index till 9797/9925.
It is good to sell on rallies around 9550-60 with SL around 9625 for the TP of 9130/9000
Major resistance – 9625
The index has retreated after making a high of 9576. It is currently trading around 9415.
Short term trend is still bearish as long as resistance 9625 holds.
On the lower side major support is around 9300 and break below targets 9130/9078/9000.
Any break above 9625 will take the index till 9797/9925.
It is good to sell on rallies around 9550-60 with SL around 9625 for the TP of 9130/9000