German DAX has been trading slow, sideways and choppy for the last three months, probably unfolding a running triangle correction in IV, that is part of a bigger, bullish impulse.
A triangle correction is a continuation pattern, which unfolds prior to the final wave, in our case this means to the upside. It also has five legs, where all of them have three sub-waves. Leg e can in some occasions unfold as a triangle itself.
Looking at the 4h chart of DAX, we can see all needed legs within a triangle fully developed, and a new recovery from the 122841 level, which also breached the upper triangle line, confirming a completed pattern, and more upside. Ideally, a wave V of a higher degree is now underway, with a five-wave sub-structure.