Elliott Wave Outlook — DAX at a Decision PointGermany 40CAPITALCOM:DE40COLOMBINI-TRADINGWe are currently at a critical inflection zone, where confirmation is required before committing to directional bias. From the 24,794.3 high, price has developed a three-wave corrective structure within a broader uptrend. This type of price action typically suggests a corrective pullback rather than a completed top, implying that the primary trend could still resume higher. However, this bullish continuation scenario remains unconfirmed. 👉 Key level for confirmation: 24,606.7 Only a sustained move above this level would validate that the correction is complete and that the market is resuming its impulsive structure to the upside. Alternative Scenario — B Wave Top in Place At the same time, we must consider the possibility that the recent high marks a wave (B) top of a larger corrective structure. In this case, the market would be preparing for a wave (C) decline of higher degree, implying a broader downside move. The recent bounce from 24,020.0 is also unfolding in a three-wave structure, which is corrective in nature and does not yet support a bullish impulsive reversal. 👉 Key downside trigger: 24,193.7 A break below this level would suggest that sellers are regaining control, increasing the probability that wave (C) to the downside is underway. Tactical Conclusion At this stage, the market is neutral and waiting for confirmation. Above 24,606.7 → bullish continuation (trend resumption) Below 24,193.7 → bearish acceleration (wave C in progress) Until one of these levels is decisively broken, price action remains corrective and non-directional. Time to wait for confirmation — not to anticipate.