Is the 4th wave in? By all appearances it might very well be. However DAX has approached on today's bottom an important TL - the one connecting the 2011 low and the Oct 2014 low. Now that TL held the last decline at 9300.. It also seems to have held this one. So I believe a short term bounce could be in the cards. Either immediately, like we did on the previous recent bottom, or after briefly spiking the TL to complete wave ((5)).
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As always good luck out there!