The German DAX is experiencing a sharp sell-off, potentially part of a complex corrective pattern from the 2025 highs. The decline may fit a W-X-Y structure in a higher-degree black wave four, with a crucial support level around 23k approaching. Daily and weekly charts suggest a normal fourth-wave retracement, but a rebound back toward 24k is needed to confirm completion of the correction. The big picture shows DAX unfolding an extended bullish impulse, with a possible black wave IV retracement within higher degree red wave V. A pullback is anticipated in 2025.

Read more at Barchart: DAX Declines Sharply Into Key Support as Complex Wave 4 Correction Unfolds