DAX -Elliott Wave Update

    Very interesting and rising wedge looking pattern is forming on daily and weekly base. My first look defined that pattern as trend reversal, but the the whole formation's wave structure  put some bullish tune.
     Last week closed exactly below  6213, relatively near the week high (6235). After the positive week the market opened higher in Monday as I expected. First possible target matches with 6420 price. It's worth to be long now.

The wave structure on daily and 4 hour base defines that pattern as nothing more than bullish "running flat" for now. The plunge above the current resistance levels is expected in September.

Good luck trading!