DAX Price Channel is in Critical Decision Wave for Bottom vs Melt-Down Set-Up
DAX will confirm a price channel (orange lines in chart above) if it makes a lower low before breaking through the channel top.
This would be the critical decision wave for the channel, in which DAX either begins a bottoming pattern (green scenario) or sets up a breakout into a series of melt-down channels (purple scenario).
The melt-down out of a channel this big would tend to be awesome.