What we see here is a corrective 5th wave. This is possible on the basis of the updated rules. The minimum target for the following correction is the 38.2 RT of the hole upward impuls.
Maybe the red (2) is already finished but it's also possible that there is a Y wave to the downside is missing.
We see here the Dax since the 1970's. At the beginnig we have a clear 5 wave impulsiv structure. At the beginning of the new Millenium this structure change to a corrective one. But at this time I could count it also as an impuls. The clearest indication for a corrective structe is the Wave from 09/2011 to 05/2014. I do my best to count this wave as an impuls but...