DAX bounced strongly from 14,675. Paused at 14,933 but with the opening today above 14,980 key resistance there could be further upside potential for DAX. A test of the upper falling trend line is likely. A spike up to 15,250-15,280 minor resistance could be seen.
The 55 Moving Average will also provide some resistance
If DAX is closing above the falling trend line AND especially if RSI is closing above 60 threshold the sentiment is shifting to bullish. It could pave the road higher to 15,482-15,575.
Around that level the declining 100 and 200 Moving Averages add to the resistance.
If DAX is being rejected at 15,280, closing below the falling trendline and if RSI is being rejected at 60 threshold the downtrend is likely to resume
A close below 14,933 will confirm down trend has resumed