 Welcome traders to another intraday wave analysis session with me Patrick Mungley. Looking at the DAX here we're on the four hour time frame and we've got an impulsive cycle that's continuing to develop. The area of interest for me now versus this swing high here at 15,265 is an equality objective at 15,066. We've had this third wave extension up into the highs here subdivided into two equal legs and to note we didn't get any divergence on this last high so this encourages the view that we are in a wave three we should get a wave four correction now. We've also got symmetry swing support versus wave two coming in at 15,044. So I'm watching for bullish reversal patterns in this area to set long positions targeting a move up to test 15,635 as a wave five objective.