DAX rebounded at the bottom of the Channel Up, forming Support (1) at 15625. By doing so it completed the formation of an Inverse Head and Shoulders. This is a twin bullish signal same with the March bottom.
Trading Plan: 1. Buy on the current market price. 2. Sell if it crosses Support 1 (15625).
Targets: 1. 16340 (Resistance 1 and Gap fill as per the March fractal). 2. 15250 (bottom of long term Channel Up).
Tips: 1. The RSI (4h) is also forming a Channel Up like March indicating that we might be exactly before the breakout to the gap fill.