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DAX FUTURES (FDAX1!), H4 Potential For Bullish Rise

42634 dax futures fdax1 h4 potential for bullish rise

Type: Bullish RiseKey Levels:Resistance: 13373Pivot: 12616Support: 12383Preferred Case:On the H4, with price moving in an ascending trendline on the RSI and price recently breaking the descending trendline, we have a bullish bias that price will rise from the pivot at 12616 at the pullback support at the swing low in line with the 78.6% fibonacci projection to the 1st resistance at 13373 at the overlap resistance in line with the 61.8% fibonacci projection and 23.6% fibonacci retracementAlternative Scenario:Alternatively, price may reverse off the pivot and drop to the 1st support at the swing low at 12383.Fundamentals:No Major News

Source: Tickmill

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