Bullish Rise

Key Levels:
Resistance: 13968
Pivot: 13674
Support: 13379

Preferred Case:
On the H4, with price expected to bounce from the stochastic support, moving above the ichimoku indicator and within an ascending channel , we have a bullish bias that price will rise to the pivot at 13674 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 13968 in line with swing high resistance and 61.8% fibonacci projection .

Alternative Scenario:
Alternatively, price could drop to 1st support at 13379 where the overlap support, 100% fibonacci projection , 38.2% fibonacci retracement , -27.2% fibonacci expansion and 127.2% fibonacci extension .

Since the Eurozone and German ZEW Economic Sentiment data worsened in the current survey, 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.