Type:
Bearish Drop

Key Levels:
Resistance: 12999
Pivot: 12809
Support: 12415

Preferred Case:
On the H4, with price moving within a descending channel and below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 12809 where the pullback resistance is to the 1st support at 12415 where the swing low support, 61.8% fibonacci projection and 161.8% fibonacci extension are.

Alternative Scenario:
Alternatively, price could break pivot structure and rise to 1st resistance at 12999 where the pullback resistance, 61.8% fibonacci projection and 23.6% fibonacci retracement are.

Fundamentals:
Due to the extended Nord Stream 1 halt, we have a bearish view on the DAX Index .