It's likely wave (4) has been formed and wave (5) begins. Possible targets on the chart and possible h&s pattern is in development also.
הערה:
Resistance at 0.618 (12.245) proved very strong and prices turn back into the downtrend chanel. So it's likely a harmonic pattern is in development which will retesting the uptrend line.
הערה:
Two different counts. With the second count, dax will testing the down side of the down trend channel.
