It's likely wave (4) has been formed and wave (5) begins. Possible targets on the chart and possible h&s pattern is in development also.
Note
Resistance at 0.618 (12.245) proved very strong and prices turn back into the downtrend chanel. So it's likely a harmonic pattern is in development which will retesting the uptrend line.
Note
Two different counts. With the second count, dax will testing the down side of the down trend channel.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.