Someone requested me to analyse German Stock Index (DAX). In my opinion price is completing its 5 wave structure and now it is in second last (4th Wave) phase. 

If we look breakdown further, then we can see that blue wave 4' have flat correction in red ABC. the red wave A' finished @ 1053 and red wave B' bottomed near 9293. The final Red wave C' consists of sub five wave structure and the expected target for this red wave C' is near about 1150-12 area where traders enter into short trades and we will also find massive resistance in that area and final point of blue wave 4'.  As soon as blue wave 4' finish, price will start declining towards previous low and beyond in blue wave 5' targeting 8800-8750 area.

muhiuddin