DAX 40 | Is a Powerful Third Wave Still Unfolding?Germany 40 CashIG:DAXMehdi_Abbasi_EWPElliott Wave Perspective The long-term structure of the DAX 40 continues to align with the characteristics of a developing bullish impulse. Based on the current wave count, the market may still be advancing within a higher-degree Wave III—a phase that often displays the strongest momentum and acceleration within an impulsive cycle. One of the most important aspects of the current structure is the relationship between the waves of a lower degree. Since Wave (1) and Wave (3) are approximately equal in length, Wave (5) may have a greater potential to become the extended wave. If this scenario develops, the ongoing advance could continue through the completion of its internal subdivisions, allowing the higher-degree Wave III to reach significantly higher levels. However, a shorter completion scenario remains valid. Wave (5) may complete without a significant extension, causing the broader bullish structure to reach completion earlier than expected. For this reason, the current advance should continue to be evaluated through both its internal wave structure and price behavior. At present, the larger structure continues to support the possibility of further upside. However, the extent of Wave (5) and the way its internal subdivisions develop will play an important role in determining how far the market may advance toward higher target areas. As always, this analysis is based solely on the current Elliott Wave Principle structure, Fibonacci relationships, and price behavior. It represents a research-based market perspective rather than a prediction. If the market structure evolves, the wave count and the scenarios presented will be reassessed accordingly. “Markets do not reveal certainty. Structure reveals probability.” Mr. Nobody | Elliott Wave Principle 📊 DAX Index Oct 30, 2023 Three Wave Corrective?!!! DAX Index Nov 29, 2023 Diagonal ending in a larger degree of wave???? DAX Index Jan 25, 2024 The extension of the Bull market Germany 30 Aug 6, 2024 The idea of extending the DAX bull market