If the price bounces there then 1D (which entered into territory with = 38.234, = 3.700, Highs/Lows = -272.3214) may reverse towards the 12,500 Resistance, in a similar way as it did on June 3rd when again it hit the same level (see chart).
If however it breaks, then DAX can reach again the 11,300 1W , in which case it will become a strong buy option as the there has been strong. Plus it will be a 1W Triple Bottom which normally makes a Higher High. The only negative parameter on this sequence is the possibility of the wider 1W pattern turning into a eventually which after a dead cat bounce back to the 1D MA200 can lead to a Lower Low under the 11,300 1W Support. News on E.U. and U.S. data (as well as key Chinese import reports and the EURUSD ) have to be followed closely on that matter.
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