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DAX, H4 | Potential Bullish Momentum

39795 dax h4 potential bullish momentum

Type: Bullish BreakoutKey Levels:Resistance: 14609Pivot: 14149Support: 13735Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price may reverse and rise from our pivot at 14149 overlap support in line with 50% fibonacci retracement, to our 1st resistance at 14609 in line with the 100% fibonacci projection and 78.6% fibonacci retracement.Alternative Scenario:Alternatively, price may continue in its bearish momentum and approach our 1st support at 13735 in line with our 23.6% fibonacci retracement.

Source: Tickmill

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