DAX - Elliott wave update

Since my last update, DAX and most of the world indexes decided to play another impulse up. That probably means one more "zig-zag". The price have already met 423.6% of a 1 wave, and 261.8% of the I wave, moving in very sharp and tight trend channel. Perfect Fibonacci sequence in play. So, the time and place for deeper pull back probably came already. We just need to see short confirmation. As I said: trading overbought or oversold market without confirmation is looking for trouble.

I attach PUT/CALL Ratio chart as well, where the indicator dropped to new significant low. It means sell off soon.

Probably Ben will produce last spike today.