DAX futures (Mar 2018 contract FDXH8, continuation contract is FDXc1)
After the breakout, the consolidation has begun to set in, but will the break hold?
The incredible run of three huge bullish candles last week continued with another positive session yesterday but the futures show a doji candle.
Doji candles are typically reflective of caution with the prevailing trend, and this could mean that the bulls begin to question the longevity of the move.
The early move today has been cautiously positive as the market continues to hold back any profit-taking.
The RSI needs to also hold above 60 which would reflect strengthening momentum, with the MACD and Stochastics still rising.
There remains a positive bias in the run higher, but the bulls need to remain strong.
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