DAX

The recent rally in DAX is in the 9th wave higher which could be wave v of 1 up that will complete after the next reversal in price. wave 2 of 5 down longer-term will unfold. Wave 5 is not over an so this would be the first halt in a larger trend. Also, wave 3 that ended in July was shorter than wave 1 so I am open to the idea that this is an extended wave even on longer time horizons.