Mini-DAX Futures

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

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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.

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