The DAX has had a huge rally of 36.51% from the October low, 22.55% in 2015 and 11.46% from the ECB's announcment of euro style QE. This is a huge rally that could enter some resistance with the start of the ECB's QE starting in March. next week the ECB meets on the 5th and could create a news reversal. IMO this current rally since the ECB announced QE could be buy the rumor, when the ECB QE finally starts QE, the rally has already happened, all the buying is used up and a news reversal is created. A news spike up to 11435-11465 where price is clearly rejected would be a sign that the DAX could be in for a pullback. However, would wait for a daily close after the ECB meeting on the 5th before taking any action in a short position, since the DAX is only allowed to go up at the moment.