DAX futures (Mar 2018 contract FDXH8, continuation contract is FDXc1)
An extremely volatile session has left DAX traders in a quandary as the market gives off a range of mixed signals.
Sharp early gains saw a significant swing lower to leave a 220 tick range for the session but a close within a handful of ticks away from the open.
This formed an almost “long legged doji” candlestick pattern which is incredibly indecisive as a signal.
An early drop back this morning has also been bought into again as the market fails to take on negative traction from last night’s intraday sell-off on Wall Street.
This is leaving the technical outlook very much with an air of uncertainty.
The bulls will point to the fact that the market continues to hang on to the support of the pivot around 13,200 into the close, however if this level starts to be broken in the coming days then the corrective foreces could increase.
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