DAX – is rolling down hill in wave C of a larger second wave. This is what Asian markets did last month, now it appears turn of Europe. In both cases the 5th wave truncated. India is in a similar set up and the only hope is that it follows the US more closely where it appears like a series of 1-2 of higher degree subdividing. Back to DAX, we are in wave C of 2 down and wave C is not complete till 5 waves down are complete. So even though we are near C=A, a few more legs lower maybe pending.