German DAX can be trading in a triangle correction of a higher degree wave 4, with the current rally being part of sub-wave d. That said sub-wave d can see limited upside around the upper triangle line, from where a new reversal lower into sub-wave e of 4 may occur. Later, once wave e of 4 completely unfolds a new bullish five wave development is expected to follow.
German DAX, 1h
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