• Harmonic pattern formed – Bearish Bat pattern


• Potential Reversal Zone (PRZ) - 12035
   
• The index has formed a minor bottom around 11726 and jumped sharply from this level. DAX30 is trading around 11985 50 points away from all time high.
   
• DAX30 potential Bearish Bat pattern is expected to complete at 11997.Potential reversal zone is around 12035. Any violation above 12035 will take the index till 12165 (161.8% retracement of 11892 and 11463)/11231 (161.8% retracement of 12033 and 11463).
   
• On the lower side, minor support formed at 11726 will be acting as near term support and any break below will targets 11465/11400.
  
  It is good to sell on rallies around 12000 with SL around 12165 for the TP of 11725/11465.