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DAX30 - Symmetrical Triangle

DAX has drawn on a 15 minute time frame a Symmetrical Triangle showing indecision. Considering the latest price action I tend to believe that the price will break on the upside. If that will happen and a 15 minute candle will close above the upper line then we can expect a rally towards the local resistance from 9669. A break above this level would open the way towards the key resistance level from 9752. On the other hand a false breakout above the upper line and a comeback, would increase the probability for the price to start falling. A break under the lower line of the triangle could announce a further decrease in the price.

DAX30 - 15th June Symmetrical Triangle

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