Dax

DAX - the bounce back on Friday was only wave iv on hourly charts and the decline yesterday should complete a 5 wave decline for the current move. A 1-2 day minor bounce may follow before the next wave down. Wave v fibonacci target is near 9166 and any bounce would face resistance near the wave iv high at 9724. However small bounces often end near 23.6-38.2% retracement which are at 9476-9640.