This is my prefered EW Count the German Market Index DAX at the moment. According to this Count we are in a Corrective Wave 4, which plays out as a triangle. I expect one more push to the downside 11000-10700 area, which would be a good buying level for a Swing Position. Together with the seasonality DAX is normally weak during August, we have clearly seen this weakness this year in August as well. Starting mid. Sept however DAX starts to perform strong again until the end of the year.
DAX
DAX