Mini DAX Futures (FDXM1!), H4 Potential for bullish rise
ype : Bullish Rise
Resistance : 14210
Pivot: 13664
Support : 13376
Preferred Case: On the H4, with price moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise from pivot at 13664 where the pullback support is to the 1st resistance at 14210 in line with 100% fibonacci projection and 78.6% fibonacci retracement .
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13376 where the overlap support, -27.2% fibonacci expansion , 100% fibonacci projection and 23.6% fibonacci retracement are.
Fundamentals: As the US Consumer Inflation eases, we have a bullish view on DAX Index .
Resistance : 14210
Pivot: 13664
Support : 13376
Preferred Case: On the H4, with price moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise from pivot at 13664 where the pullback support is to the 1st resistance at 14210 in line with 100% fibonacci projection and 78.6% fibonacci retracement .
Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 13376 where the overlap support, -27.2% fibonacci expansion , 100% fibonacci projection and 23.6% fibonacci retracement are.
Fundamentals: As the US Consumer Inflation eases, we have a bullish view on DAX Index .
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results