The German stock index DAX 30 has made a bearish bounce at the 61.8% Fibonacci retracement level of wave 4 (green) and has now broken below two support trend lines (dotted blue). The bottom however remains intact and waves 4 do tend to become choppy and lengthy so a longer WXY correction within wave 4 (green) could occur first before the wave 5 (green) starts.
The DAX 30 seems to be completing a bearish ABC (blue) zigzag pattern which could aim for the Fibonacci retracement levels of wave C vs A.
The DAX 30 seems to be building a large bearish WXY (pink) correction. A downtrend could occur if price manages to break below the 38.2% Fibonacci retracement level of wave 4 vs 3 just below 10,000 at 9,750.