GER40 (DAX) – H1 | Elliott Wave & Structure AnalysisGermany 40CAPITALCOM:DE40COLOMBINI-TRADINGPrice action on the H1 chart suggests that the market has likely completed a corrective phase within a broader bullish structure. After the impulsive advance, the index formed a corrective pattern (A–B–C), developing inside a descending channel / wedge, which is typical of a wave 4 correction rather than the start of a bearish trend. Key observations: The sell-off found support around 24,910, aligning with a higher-timeframe demand zone. Price rejected lower levels quickly, indicating lack of bearish acceptance. The correction respected the rising higher-timeframe moving average, preserving the bullish market structure. From an Elliott Wave perspective: The corrective sequence appears completed. The market may now be starting wave 5 to the upside. Bullish Scenario If price holds above the current support zone and regains acceptance above 25,350 – 25,500, the path opens toward higher Fibonacci extensions: 1.382 extension: ~25,742 1.618 extension: ~25,884 2.0 extension: ~26,114 These levels represent realistic upside targets if momentum confirms. Invalidation The bullish outlook would be weakened on sustained acceptance below 24,900, which would suggest a deeper corrective structure or a trend change. Bias: Bullish continuation after correction Context: Higher timeframe uptrend intact Focus: Acceptance above key resistance and impulsive follow-through