German Dax moved slightly lower in the last few days but price stopped at the lower trendline of an ending diagonal, so it appears that bulls are not done yet. As such, we updated the count and looking now for wave c up that may completed wave 5 of an ending diagonal near 1.2130-12200 area. Technically a sharp turn will follow from that region later this week., but as confirmation for a top in place we will need a decline below 11946 in five waves.
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German DAX, 4H