The stocks fell sharply yesterday, so we have seen a new leg down on DAX as well, which is now trading around 10710. But we see the prices in wave C expected to hit 10682, where the index can be looking for some support. From a technical perspective, a move from the top could still be corrective because of a three wave decline, so ideally, that’s wave 4) now searching for a support.
German DAX, 1H
Read the rest of the article Elliott Wave Analysis: German DAX and EURUSD