Xetra Dax 30 Index: Rebounded from old support zone! But downside risks remain high!

Xetra Dax 30 Index: Rebounded from old support zone at 11280! But downside risks remain high for price action is below the cloud and that's bearish!

Short-term swing trade from support to bottom end cloud chart resistance zones!

Looking for resistance to come in at 11731/11846!

On the 60 min chart, the top and bottom levels of the cloud are key levels for the index to rebound as its grinding higher towards the bottom end cloud chart resistance zone of the daily chart!