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There are two other possible scenario with DAX. Another scenario is the move from 3/22 low is unfolding as an Impulse Elliott wave structure instead of a zigzag. This scenario can happen if the current move higher gets extended to 1.618 extension (12251). In this case, we can label the move to 12130.5 as Minutte wave (i), the pullback to 11942.5 can be labelled as Minutte wave (ii) and the move higher to 12251 (at least) can be counted as Minutte wave (iii). In an impulse scenario, the Index should pullback in Minutte wave (iv) then extend higher again one more leg before finishing Minutte wave (v) and ending cycle from 3/22 low.
Thanks

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