Elliott Wave Analysis: German DAX In A Temporary Correction; Probable Support Around 10085 Level
DAX is turning down from above 10800 and breaking the channel support line connected from 10085 which suggests that market may have seen a top here for black wave 5 of 3). If that's the case then a new corrective set-back is now in progress, ideally down into red wave 4) pullback with three sub-waves to around 10360 or maybe even 10085 area where we would look for a new evidence of a bullish turn.
German DAX, 4H
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