Mini DAX Futures (FDXM1!), H4 Potential for bullish rise

Type : Bullish Rise
Resistance : 14220
Pivot: 13670
Support : 13351

Preferred Case: On the H4, with price moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise from the pivot at 13670 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 14220 in line with 78.6% fibonacci retracement and 100% fibonacci projection .

Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13351 where the pullback support, -27.2% fibonacci expansion , 61.8% fibonacci retracement and 100% fibonacci projection are.

Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the DAX index.
Chart PatternsHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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