Type:
Bullish Breakout

Key Levels:
Resistance: 1721.51
Pivot: 1648.51
Support: 1620.55

Preferred Case:
On the H4, with price breaking out of the descending trendline and moving above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 1648.51 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to the 1st resistance at 1721.51 where the swing high resistance, 78.6% fibonacci projection and 50% fibonacci retracement are.

Alternative Scenario:
Alternatively, price could break pivot structure and drop to 1st support at 1620.55 where the pullback support is.