The current 
DAXGER40GER40 structure appears to be unfolding as Wave IV of a larger impulsive move. The correction remains orderly so far, respecting the channel and the overall bullish structure.
At this point, the most likely scenario is the formation of a triangle within Wave IV. Price action and volume behavior suggest a sideways consolidation before the final push higher.
Once Wave IV completes, we can expect a final rally as Wave V, with a potential target zone around 23,800–25,000.
As long as the structure remains intact, the bullish outlook stays in play.