DAX Elliott Wave Analysis for Friday 14/07/2023

We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible. If we stick with the three waves, a new wave 4 low cannot be excluded.