H1: First DAX tested back the main trend line and the resistance of the triangle in the morning then it has bounced down. The hourly level at 11,400 has caught it then DAX turned up with an engulfing candle. First the price was pushed back from the resistance and a shooting star formed but later the main trend line and the resistance of the triangle were broken.
Rise: DAX may rise without any corrections. Initial target price is the next H4 zone at 11,765 then the further levels (11,920, 12,000 and 12,075) up to the height of the triangle (12,120).
Fall: If bears push back DAX into the triangle then our initial expectation is the support of the triangle which overlaps the bottom of 14/05/2015 and the daily zone at 11,300. After breaking these levels the next take profit level is the height of the triangle at 11,770.
