The "COVID" fall seems to be a C in a 3-wave correction. The bounce from March 2020 bottom seems to be a 3 or an ending diagonal. What will happen next?
DAX has reached 1.382 a very typical level for a Wave B, we hadn't seen any real volume since march 2020, no clear indication of a true impulse wave, and it can be counted as ABC wave B with A=C. VERY BEARISH signal. Should find a support at 10700 and a real and structured impulse up afterwards. HUGE divergence on RSI monthly, and a meaningful on RSI weekly !
On the verge of collapse? Very probable. We might see a one more leg up though. October 1 (as 1987) is an important date this year and also a FRIDAY.
Dow Jones has high probabilty to realize a running-flat correction and fall near march 2020 low
Possible WAVE 2 or B to be made, long opportunity in 2022
WIG20 ending a LEADING DIAGONAL in September 2021. A correction for at least 38.2% of move from 2020 bottom is ahead. Short.