#dax $dax Weekend Review: a fractal discussion

A different format this weekend with just the one daily chart to discuss. There are previous examples of this large 'abc' pattern if one looks (1997 for example) but given the one marked out in orange dashes is so recent, I thought it worth extrapolating for comparison. The first pink dashed reaction to the 'abc' fell just a few pips short of the prior high and then fell 76.4%. The subsequent extension was a 123.6% of that pull back and also a inverse 127.2% Fibonacci extension of the original 'abc' drop. I have copied these ratios into the current reaction to the big gold lettered 'abc', but used 162% extension of the proposed drop. As such, we should see price falter near 9880, drop to 8710 and then rise to 10500. Given the purple dotted resistance line running across the top, this does at least look symmetrical. It could be that the drop fro 9880 is not quite as deep, therefore keeping the 123.6% extension ratio the same, but I think the general idea is clear. Do remember me if this pans out as stated and forget I ever mentioned it if it does not!! Have a great weekend.