Whoever checked the "nonsense" reaction button yesterday turns out to have been correct. Today's spirited rally in the DAX invalidated the ED the way I had it drawn. But, being possessed of a very hard head, here is another shot at it.
DAX 10 MIN
DAX 60 MIN
From a longer term perspective, many are looking at the action since March 09 as a cycle b or x wave. As the chart below shows, such a count really does not look plausible, IMHO, for the DAX.