Bullish Rise

Key Levels:
Resistance: 14216
Pivot: 13674
Support: 13348

Preferred Case:
On the H4, with prices moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 13674 where the pullback support is to the 1st resistance at 14216 where the 78.6% fibonacci retracement and 78.6% fibonacci projection are.

Alternative Scenario:
Alternatively, price could break pivot structure and drop to the 1st support at 13348 where the overlap support, 100% fibonacci projection and 38.2% fibonacci retracement are.

Due to concerns of inflation , 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.