DAX slowed down recently, but only for a 38.2% where the index found new support, so looks like it might have been a fourth wave that is now pointing higher again. The fifth wave projection zone is near 15730; H&S target.
DAX 1h Elliott Wave Analysis
DAX is recovering very nicely in the 4-hour chart after we noticed an inverted H&S pattern and the price action looks very impulse, so seems like there can be room for more upside, especially now after a broken channel resistance line which means that a corrective drop from 16k can be finished. However, for now, we still see only a three-wave rally from the lows, so in case if DAX suddenly slips back to the 15282 level, then we will probably see more sideways price action within a potential big triangle range between 16000 and 14800
DAX 4h Elliott Wave Analysis
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