DAX
I have attached an alternative view of the DAX which counts the move up since 16th October as impulsive not corrective.
If so then it is in the right area for a blue wave iii target. A 41% correction from here would get to around 9300 before higher to above 10050.
This would fit with the count I have for the FTSE.
The only issue would be the green efb which has exceeded the 50% expansion by 26 points.
I have attached an alternative view of the DAX which counts the move up since 16th October as impulsive not corrective.
If so then it is in the right area for a blue wave iii target. A 41% correction from here would get to around 9300 before higher to above 10050.
This would fit with the count I have for the FTSE.
The only issue would be the green efb which has exceeded the 50% expansion by 26 points.