DAX German index is in the pullback mode. Recent corrective pattern from the highs was a bit complex with a triangle in the middle as a connecting wave. Anyhow we are now around levels of the previous red wave iv) of a lesser degree which usually serves as a support level around 10.300-10 levels. From there we will look for a reversal sign into black wave 5 which may reach 10.650-10.700 levels to complete a five wave sequence from the lows.
German DAX, 1H
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