Stocks are not in such a strong uptrend at this moment, but we think that sooner or later trend will resume. Ideally DAX will turn up again after a pullback towards 10500-10550 area where a flat correction may accomplish wave 2/B.
German DAX, 1H
A Flat is a three-wave pattern labeled A-B-C that generally moves sideways. It is corrective,counter-trend and is a very common Elliott pattern.
Basic Flat Pattern: