DBKD will begin its wave (5) soon

DBK

Soon it must finish its wave (4) end could begin its journey upward. I would guess the wave (5) to top between 18 and 19 €. A probable Fibonacci level regarding the weekly chart is 18.7 €.

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Another possible variant is that DBKD is in a bigger triangle formation and the correction will be finished not by the wave (5) reaching 18.7, but vave D and E. After E we can assume a further decline and a new low below 8.8. But this is a longer story and it would be the final correction wave of a grand cycle that ended in 2007.

CHXEUR:DBKD