Wow! The DAX30 (Ger30) really is in a hurry. Not only has it completed it's former 1-2-3-4-5 wave in no time but it also seems that it is under pressure to complete an a-b-c correction in just a very narrow space (see image). If that gets confirmed (no drop belwo 11.400), we are currently completing the new wave 1 of 5.
Straight talking I am waiting for the wave 2 to be completed and trade the DAX30 (Ger30) long, aiming for the 5 to be completed.
In terms of Ichimoku and Alligator we are still in an outstanding, bullish setup. Nothing to fear really at this stage.
I am basically looking for an entry somewhere below 11.600. The projected waves I draw on the charts are not always accurate but should give you an idea of the concept. Cheers