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DAX enters larger correction after wave (1) ends at 26,614.27
The index’s larger degree correction is unfolding as a double three pattern, with wave W targeted to finish in a Fibonacci extension zone between 24,737 and 25,283.
Action Forex’s Elliott Wave view for the DAX says the cycle that began at the March 23, 2026 low has ended its wave (1) advance at 26,614.27, forming an impulse structure.
After that move, the analysis places the index into a larger degree correction labeled wave (2), with the internal subdivision unfolding as a double three pattern. It says wave W is a zigzag, after wave ((a)) fell to 25,727.93 and a counter trend rally in wave ((b)) ended at 26,167.93.
The outlook expects the index to resume lower in wave ((c)), with the leg targeting the 100.0% to 161.8% Fibonacci extension of wave ((a)). Action Forex projects the related area between 24,737 and 25,283, where wave W may complete.
Once wave W finishes, the analysis anticipates a rally in wave X to correct the cycle from the August 28, 2026 high, before the broader decline resumes. The corrective structure is framed as showing the cycle’s maturity and pointing to continued weakness after wave X.
Latest closeDAX 26,007.63 ▲0.0%