I try to plot some scenarios for the near future movement of the DAX index according to Elliott wave theory. One of the thesis of Elliott waves is alternation. I present them in a sequence, but will be interconnected via "Link to Related Ideas". The 3rd is that the DAX is making a double three sideways correction, and it is forming an ending diagonal as its last phase. Though it can also form a triangle as wave Y, in this case it is near the end of wave C, and wave D and E is coming.
@CNL,
Hello!
In an ending diagonal (wedge) this rule does not apply. In any other cases you are right. But I guess wave C of Y will be an ending diagonal.