On the H4, with prices moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 13674 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 14222 where the 78.6% fibonacci retracement and 78.6% fibonacci projection are.
Alternatively, price could drop to the 1st support at 13341 where the overlap support and 38.2% fibonacci retracement are.
Due to the House Speaker Nancy Pelosi's trip to Taiwan capital, Taipei, the DAX Index is exposed to downside risk and we have a bearish view on the DAX Index . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.