DAX

The DAX has been falling since May where I marked wave B however after months of impulsive declines the fall appears like a wedge and can be only wave (b) of B and so it is possible that if yesterdays low holds then we get wave (c) of B up first that can test either 12456 or the trendline at 12670 before we start wave C down. If the lower end of the wedge breaks however then all bets are off on a bounce in Europe. Lets see