Sokow
Short

Correction in progress after wave 5

FX:GER30   DAX Index
You can see a wave 5 move up and a beginning correction
Wave 5 ends in between fibo 0.382 and 0.5 from the start of wave 1 and wave 3 added to the termination point of wave 4
There should come a correction or a little move upwards to 0.618 fibo.
Price target before next move up is approximately 11750.

Alternative scenario:
Wave 5 runs up to Fibonacci 0.618 and the correction begins at nearly 12000
It has reached 12189 today, RSI is 81 but there is still no top signal. What do you think?
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