Update

The pattern is getting very choppy and more complex than I have expected. I do not think that we are seeing impulse lower, such patterns are corrective.
Currently I think we are seeing triangle for wave B and last final push lower should finish the whole corrective move.
The price found several times resistance at MA50 and can not move above it. The bulls are still weak.... I suppose we should see one more flush lower before reversal.

Update

Completely wrong about the short term, but after 18 points gap instead starting 3 of 3 and huge plunge we are seeing this below.
Come on bears this is not serious.... several days down-up-down-up-down-up, sorry but this is not an impulse. If the bears do not push the indexes near the lows in the afternoon session that will mean for me that we saw the bottom for the pullback.

P.S. I am trading the DAX and I am long near the low. The DAX hit my target today, three wave sequence A=C, 50% Fibo, support level....