I assume that the German Index is in consolidation phase (Wave 4), which plays out as a triangle (take a look at the big picture post). Looking at the sub-counts the DAX could go up again around the 11900-12000 area and then fall from there. If we are in a bigger triangle consolidation (abcde) I assume that the Index will come down in the 11000-10700 area eventually and then find a bottom there.