If I am correct, the DAX might not have much room to the upside. If the Dax makes a w4 then a w5 up to finish the 5th wave extension to complete W3. It could present a good rr short with a tight stop with a target of 10764- 10600 Note, would wait for daily confirmation to short with signs of clear rejection, because the Dax is quite strong.
also, noted there is a rhythm in march where monday has been an up day? maybe this could be the day the ecb injects money into the dax?????? if so????? i want to try to get my little slice.
We have an W-X-Y correction. Wave c in wave Y should form 5 subwaves, so we should wait with the long position.
We have a triangle in progress (as wave b) and after the triangle we have a last wave c which completes the wave (4).
Target for wave (4) is 0.618 fibo of wave (3).