Update

The alternate scenario is playing out - impulse lower. If you look at NYSE/DJ/SPXEW show pretty clean impulse and a few more days are needed to complete the pattern. From price perspective the price is between 23%-38% Fibo retracement and between two support levels... the next support level is 200-250 points lower.
If you look the short term cycles we are at day 5 for the 20d cycle so minimum 2 days more likely 3-4 days to be completed. The longer term cycles - week 18 so close to 20w low. Market breadth is showing divergences.
Short said whatch for a low around Thursday next week worst case 200-250 points lower.

Choppy impulse - probable count similar to NYSE/DJ/SPXEW

Techical analysis does not look good - price moved below support and MA200 and next support and 38% fibo is 200 points lower. Overall we know it is a bearish setup because there is more to the downside at least until July.

DAX is close to major trend line from the 2022 low

EUR/USD needs one final push lower for perfect impulse too.

Update

The November low has been reached as expected, this happens at week 17(average for the 20w cycle is 16-18) the previous two were 16 weeks long, there is possible completed pattern, market breadth is oversold but no divergences - possible bottom but not important one.
SPXEW/DJ/NYSE are showing some sort of impulse lower too...there is room for interpretation and say this is the third wave with 4 and 5 to follow. In this case the third wave is extended so the fifth wave will make just sligthly lower low and will not take much time.
This is the situation - it fits with my expectations for 20w low and bounce higher in April. If this is not the 20w low expect it in the first week of April.

I see corrective mess - flat-Xwave-double zig-zag. Alternate this is shomehow ugly impulse with two more shallow waves for 20w low.

From pure technical analysis point of view it looks like H&S - next is the right shoulder and target for the pattern around 6000