Dax breaking up or reversing?

The Dax has well recovered since the post Brexit fall and to the 10700 level. What next? Hard to tell as always, but I tried to design 2 different scenarios.   If you check the graph above showing the monthly DAX 30 candlesticks, you will notice that the index is on a downtrend since the top in April 2015 at 12374 points. The red line showing the trend has been briefly crossed five times so far and always the index has been rejected from it. As we are approaching again this trendline we have to scenarios I have imagined....

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