From this current chart which is one of the two counts I have currently (both extremely bearish), it looks like we can see huge down move in DAX.
Wave 2/B which moved up in 3 waves with Wave B (Circled) being a Running Triangle seems to have completed, but even it is still continuing the scenario for DAX (German Index) remains sideways to bearish and hence shorts looks attractive in this market situation.
Stop Loss : Swing High : 13205
Target 1 : 12268
Target 2 : 11859
Hypo 1 : DAX Bearish Elliott Wave Count 5th June, 2018 onwards
In the Hypo 2 discussed below we see nested 1-2-1-2 structure to the downside suggesting again good bearishness.
Hypo 2 – DAX Bearish Elliott Wave Count 5th June, 2018 onwards
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