Dax Futures (FDAX1!), H4 Potential For A Rise!

35768 dax futures fdax1 h4 potential for a rise

Type: Bullish RiseKey Levels:Resistance: 14870Pivot: 14090Support: 13466Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will from our Pivot at 14090 in line pullback support and 23.6% Fibonacci retracement towards our 1st resistance at 14870 in line with the pullback resistance and 78.6% Fibonacci retracement .Alternative Scenario:If prices were to reverse, price may potential drop towards our 1st support at 13466 which is in line with the swing low support and 50% Fibonacci retracement level.Fundamentals:With the concerns over the war in Ukraine, European stocks are expected to trade lower.

Source: Tickmill

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