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If there should be more decline to find a major low (i.e. blue C(Y), purple 5), monitor a potential expanding EDT as marked.
The more bearish 1212 setup is less likely at the moment.
[1130am] DAX at the close -
for DS11 -
(red) 3-down is an EDT, ended at the nominal low. 4-up is z zigzag, ended at the recent high. 5-down is in progress, theoretically to new lows.
(blue)4-up is a running flat dating back to the blue 3-down. 5-down completed with a slight truncation. The current retrace is B or 2 -down of a new upswing.
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Chart cleaning as ES has made fresh lows this morning.
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