2016.04.2803:28:00UTC+00Dax30 Faces Strong Support at 10200,break Below Targets 10000/9900

• Major resistance-10500
   
• Major support – 10200
   
• The index has almost formed triple bottom around 10200 and is consolidating around that level. DAX is currently trading around 10212.
   
• It has jumped till 10345 yesterday and started to decline once again in the morning. Short term trend is still weak as long as resistance 10500 holds.
   
• Any violation below 10200 will drag the index down till 10000/9945/9820.
   
• DAX is slightly weak and is trading well below ichimoku (Tenken-Sen and Kijun-Sen).The minor bullishness can be seen only above 10345 (Kijun-Sen).Any break above targets 10500/10680.

It is good to sell below 10200 with SL around 10350 for the TP of 10000/9825.