5th Wave is finished
possible abc retracment in place with low on 20ema weekly and 61.8% fibonacci (not shown in chart)
bullflag on weekly
small buy divergence on macd
macd fastline about to cross zero line
macd slow line turning up
adx falling near 15
bullish reversal candle on weekly
break above bullflag should lead price to...
Dax ranging between 12000 and 11800 (wich is the center of the last "bigger" value area).
If we can break above 12000, dax should at least test all time high again, otherwise there could be a trend reversal in place or a longer retracement.
If we break through 11800 the abc retracement failed, wich is a bearish indice.
Good luck everyone :)