If wave 5 should end there we should see a bigger correction (in time and space) which will get in the area of wave 4 (marked in red as a-b-c).
Should wave 5 not stop at fibo 1.0 it may form an extended wave 5 which will run ultimately till 1.618 (nearly 12500).
To answer your question. Currently we see a complex correction in progress. But after the correction is over we should see GER30 running up to 13200.
Like always there is more than one valid scenario.
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)
Let me know if that helps you!