German DAX is trading nicely higher, now already at the 10673 level, after a higher degree three wave correction A-B-C had unfolded to around the 10021 mark. As such a possible new impulsive sequence may be in the making, with the first wave A or 1 already completed. Current slowish price movement may now be only temporary, with sub-waves b and c still missing. The ideal support and reversal zone for this wave 2 correction may be around the former wave iv and the 38.2 Fibonacci ratio. Invalidation level is at the 10021 lows- as long as it holds we are looking bullish.
German DAX, 1H