On DAX we have seen a turn down from 10770-10800 area as expected, after we labeled rally up from Aug 22 low as wave B. That wave B is part of a complex downward correction from 10803 which we think it can be wave 4) headed to 10200-10300 area. A support can be found there later this week, but after visible five sub-waves down in leg C as part of wave 4).
German DAX, 4H
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