$DAX - Market Analysis for Jul 25th, 2018

Jul 25, 2018 - 8:56 AM EDT

The DAX is trading lower so far today, curling back down from the high made yesterday and leaving what counts best as only a micro 3 waves up off last week's low. Therefore, odds favor that wave b of (a) is still in progress as a larger flat, with yesterday's high completing wave B of b and price now working on wave C of b. If that is the case, then further near-term downside should be seen from here before wave C of b completes, with 12440 - 12355 as the ideal target region below.

$DAX-XET - Micro - Jul-25 0556 AM (1 hour)

Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.

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