DAXZ14 bigger picture chart shows a bullish pattern, blue colored named Alternate Bullish Crab, has retraced 88.6%, this is a symmetrical retracement and the maximum target for a potential new harmonic pattern’s leg.

A hold below 9924.6 has initial pull back target at 9564 to 9517.4 region.  The primary harmonic levels to break and hold are the line in sand levels 10056 or 8903, until then price is in a sideways range.

An upside break of 10056 has the ideal target of 11492 and scaling points at 10496.4 and 10768.6.  A downside break of 8903 has the ideal target of 7763.9 and scaling points at brown fibs 8457.2 and 8022.6.