03 September 2018 Elliot Wave DAX can be similar as EURUSD. We are tracking a three-wave correction after impulsive five waves up that can slow down around ideal previous wave iv and 61,8% Fibo. retracment, exactly at 12300 level. Of course, this can be more complex, while it's trading within channel range, but once it breaks higher above channel resistance line, then we may consider a completed correction and DAX may continue its uptrend. DAX remains bullish as long as it's above 12109 invalidation level.
DAX Elliot Wave Chart 1 hr