DAX
Dax has almost reached the end of wave C. After it finished a widening triangle as expected, it declined and made a 5 wave structure that is wave C. Since the previous bigger wave took 500 hundred days to evolve, I do not think, that the correction is over. Only 68 days have passed since the end of wave (3). Although it has almost finished an ABC formation I expect it to make a compound WXY or WXYXZ formation. And finish the correction in july-august. So the conclusion is that I think it will go upward in a nev ABC formation and will decline again in another ABC formation. The target level for the whole compound correction is 11 890 or 11 390. These are the 0,382 and 0,5 fibonacci levels.
As for the further evolution that I expect see the figure below.
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