What I see in the DAX is that it has finished a third wave, did an abc correction for the fourth wave which retraced 38.2% of the third wave and also finished in the price range of the fourth wave of the extended third. It is very possible that now we are going up for the fifth wave. The other point of view that I have is that the fourth wave has not finished yet and is doing a b wave, then will go down for a C wave.