Type: Bullish RiseKey Levels:Resistance: 13814Pivot: 13348Support: 13004Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 13348 in line with overlap support to the 1st resistance at 13814 where the 61.8% fibonacci retracement , 127.2% fibonacci extension and 78.6% fibonacci projection are.Alternative Scenario:Alternatively, price could break pivot structure and drop to 1st support at 13004 where the pullback support, 50% fibonacci retracement and 100% fibonacci projection are.Fundamentals:Due to the House Speaker Nancy Pelosi’s trip to Taiwan capital, Taipei, we have a bearish view on the DAX index . We’ll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
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