The DAX 30 index could build a wave 4 (dark red) retracement back to the Fibonacci support levels of wave 4 vs 3 if price manages to break below the support trend line (green). A bullish bounce at the wave 4 Fibs could confirm (green check) the bullish trend continuation whereas a break below the 61.8% Fib invalidates (red x) the expected wave structure. A breakout is aiming for the Fibonacci targets (red circle).
The DAX 30 could build a bearish ABC (green) pullback to the Fibonacci levels of wave 4 vs 3. The main bouncing spot (green check) for an uptrend continuation (green arrows) is probably the 38.2% Fibonacci retracement level.
