EWG : German Index ETF : mid-way into a long term triangle pattern

Have a feeling Dax or its EWG , etf equivalent
Is tracing out a long, long term a-b-c-d-e consolidation pattern.
If a-b-c takes about 4-5yrs
If d-e and subsequent up turn stretches out another 4-6 years
Means, Dax will be ticking sideways for a good part of this decade.

Currently, I think, EWG is in a down turn to complete Wave C at 16
Immediate outlook may suggest a bit of upside then down to 16