German DAX is turning bullish and it may see a lot more upside from here if we consider that recent sharp set-back to 11880 might have been sub-wave two. If that is the case, then sub-wave 3 of a bigger cycle can now take price even higher.
German DAX, Daily
Now, on the 4h chart of German DAX we can see that price is trading higher, and in impulsive fashion and it appears it is already in a fifth wave rise that should be made by five smaller waves. As such, resistance and a turn down into a new correction should not be a surprise, but there is sill a possible fifth wave rise to 13000-13100 area.
German DAX, 4h