DAX: CORRECTION OR NEW TREND?Analyzing the 60-minute chart, I believe there is still room for further downside in order to complete what I interpret as a five-wave structure within a larger corrective wave C, which itself forms part of a broader wave 4 of higher degree.
This corrective phase appears to be unfolding within a clearly bullish long-term trend, as confirmed by the weekly chart, which remains well-aligned to the upside.
📉 Potential downside targets:
22,024
21,741
Once this corrective move is complete, I expect the uptrend to resume, potentially offering renewed long opportunities aligned with the prevailing weekly bullish structure.