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Short

Shorting opportunity in DAX 30 (Elliott Wave Analysis)

FX:GER30   DAX Index
The Hypo 1 (Cyan) suggests that we have completed the Wave a as a leading diagonal which suggests shorting for downside target of the white box support region.
However if we consider the more bearish Hypo 2 (Red) then we can say that the Wave c of Wave B was an Ending Diagonal and we can see for much lower targets in this case.

Since both the Hypos are pointing to the downside, it provides a very low risk shorting opportunity to us with SL just above the W.a (Cyan) high.
Comment: Since DAX has consumed too much time sideways instead of going down as we expected it would be best to book partial shorts at the current level and move SL for the rest to breakeven :
Comment: DAX 5 Waves down seem complete, conservative traders can exit complete position here :
Trade closed manually: Partial profits were booked above the support zone and rest position was trailed to breakeven.
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