Title: DAX Futures ( FDAX1! ), Daily Potential for Bullish continuation
Type: Bullish continuation
Resistance: 16274
Pivot: 13943
Support: 11829
Preferred case: Looking at the Daily chart, my overall bias for FDAX1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 16274, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 13943, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish continuation
Resistance: 16274
Pivot: 13943
Support: 11829
Preferred case: Looking at the Daily chart, my overall bias for FDAX1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 16274, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 13943, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
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