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DAX Weekly Consolidation Pattern

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TVC:DEU40   GERMAN STOCK INDEX (DAX)
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In case the DAX might not go down next week than candle stickpattern could give an Idea how the markets might run if ever the bias remains to the upside.

DEFINITION of 'Rising Three Methods'

A bullish candlestick pattern that is used to predict the continuation of the current uptrend. This pattern is formed when the candlesticks meet the following characteristics:

1. The first candle in the pattern is a long white candlestick within a defined uptrend.
2. A series of descending small-bodied candlesticks that trade within the range of the first candlestick.
3. A long white candlestick creates a new high, which suggests that bullish are back in control of the direction

Read more: Rising Three Methods www.investopedia.com...ng-three-methods.asp

評論:
APR 18 2017 - VIX v& German Bunds: Both indicating to expect near term decission about further direction to come.

German Bunds: Late day sell off reversed


VIX: Intraday rise reversed. Downside Momentum for stockmarkets shortterm reversed.

評論:
Todays market action:

APR 18 2017: Geopolitics vs. underlying fundamentals:

- British PM May calls for early election to strengthen Brexit hand
www.investing.com/ne...n-brexit-hand-474893

vs.

U.S. industrial production rises in line with expectations in March
www.investing.com/ne...ions-in-march-474992

IMF raises global growth forecast, warns against protectionism
www.investing.com/ne...protectionism-474985
評論:
APR 18 2017: Fears about France Election "halted"

評論:
APR 18 2017 - "Erdogan Referendum", Brexit vs. French Voters

Todays pre announced U.K. snap election on June 8 and sundays "Erdogan Referendum" scaring traders. Question is: Does this might scare voters in France feel scared as well and how will they vote on next sunday.
評論:
APR 18 2017- Long ledged Doji. Closing price on wednesday 19th of April above the candle means up trend is going to continue. Closing price below todays low means the trend is reversed. Also this pattern is an so called "inside day" means where the move will go the following trading day the trend will accalerate.

評論:
APR 18 2017: Euro up - unexpectedly

評論:
APR 19 2017: Macron clings on to lead in tense French election race
Centrist Emmanuel Macron held on to his lead as favorite to win France's presidential election, a closely-watched poll showed on Wednesday, although it showed that the first round of voting at the weekend Sunday remains too close to call. Source: www.investing.com/ne...-cevipof-poll-475261
評論:
APR 19 2017 - LePen only 2% ahead of Fillon. Odds rising that LePen might become 3rd on next Sunday.
en.m.wikipedia.org/w...ntial_election,_2017
評論:
APR 20 2017: It´s now headline on bloomberg.com
French Election Shocker: Pollsters Baffled by Four-Way Race
Sorce: www.bloomberg.com/po...-by-four-way-contest
評論:
APR 20 2017 - The market suddenly doubts the Fed will raise rates twice more this year
Traders assign just a 41 percent chance that the Fed will raise interest rates three times this year.
Goldman economist Jan Hatzius counters that concerns over the economy now will abate and allow the Fed to fulfill its projections for 2017
Source: www.cnbc.com/2017/04...-more-this-year.html
評論:
Comment: APR 21 2017 - Beyond geopolitics European fundamentals remain strong:
Euro zone composite PMI hits 6-year high in April
www.investing.com/ne...high-in-april-476132
評論:
APR 21 2017 - Global finance leaders find a more temperate Trump in Washington
www.investing.com/ne...in-washington-476069
評論:
APR 21 2017: DAX weekly on track to complete consolidation pattern

In case that the French election would not cause a sell off next week and stockmarkets might rise than the last 3 weeks had been a consolidation pattern. This would anticipate that the bull market is still running and the DAX is going to rise further and higher than widely expected.

評論:
APR 21 2017 -The Dow had shown a similar continuation pattern below the 20k milestone:

評論:
APR 21 2017: Traders might keep in mind that in both cases the F&G Index similar is falling to extreme fear levels.
評論:
APR 23 2017: For German Readers (english as soon as available)
Angela Merkel musste Trump Berichten zufolge 11-mal die Prinzipien der EU erklären
www.businessinsider....-eu-erklaeren-2017-4
評論:
APR 24 2017: Wall Street surges, Nasdaq hits record on French vote result
www.investing.com/ne...-french-worries-ease
評論:
APR 24 2017 - South Korea first quarter GDP growth to bounce sharply from fourth quarter on exports, capex
www.investing.com/ne...xports,-capex-476918
評論:
APR 25 2017 - Global stock markets power to record highs
www.investing.com/ne...-record-highs-476981
評論:
APR 25 2017 - Le Pen not an option as French far-left polls members on election round two
www.investing.com/ne...ion-round-two-477426
評論:
ECB's Draghi gives upbeat outlook, denies discussion of exit strategy
www.investing.com/ne...exit-strategy-478056
評論:
Weekly Comic: Trump and Macron keep the global rally going
www.investing.com/ne...l-rally-going-478038
評論:
Wall Street opens higher with earnings in focus
www.investing.com/ne...-little-cheer-478004
評論:
NASDAQ closes at record high ahead of major techs earnings.
www.cnbc.com/2017/04/27/us-markets.html
評論:
German economy booms as protectionist threat goes pop
www.investing.com/ne...reat-goes-pop-478522
評論:
Defeated first-round candidate Dupont-Aignan endorses Le Pen for French president
www.reuters.com...n-idUSKBN17U2OR?il=0
評論:
Le Pen Has Potential Prime Minister, No Rush on Euro Exit
www.bloomberg.com/ne...no-rush-on-euro-exit
評論:
Asian equities edge up as Japan outperforms, dollar regains traction
The mood brightened slightly, however, on news that U.S. congressional negotiators hammered out a bipartisan agreement on a spending package to keep the federal government funded through Sept. 30, thus averting a government shutdown.
www.investing.com/ne...ains-traction-478848
評論:
Comment: The latest polls show most people think Brexit was a mistake. This could be a turning point
www.independent.co.u...-point-a7705301.html
評論:
Nasdaq hits record highs ahead of Apple earnings
www.investing.com/ne...pple-earnings-479102
評論:
German manufacturing growth near six-year high in April: PMI m.investing.com/news...in-april:-pmi-479204
評論:
Brazil's manufacturing PMI rises past 50 for first time since 2015
www.investing.com/ne...me-since-2015-479316
評論:
German economy booms as protectionist threat goes pop
www.investing.com/ne...reat-goes-pop-478522
評論:
German unemployment rate holds steady at record low of 5.8%
www.investing.com/ne...rd-low-of-5.8-479607
評論:
Strong economic fundamentals vs. geopolitics (todays market action)

European stocks move lower amid political uncertainty; DAX down 0.10%
www.investing.com/ne...olitical-uncertainty
評論:
"Perfect Storm" for Germany´s DAX: US-Economic is still in an uptrend but the upside momentum is cooling down. There is no thread about any unexpected rate hikes near term.

U.S. ADP non-farm payrolls rise by 177,000 in April
www.investing.com/ne...,000-in-april-479697
評論:
4 days before the second round of french election Bundspreads sending a clear signal:
評論:
: Macron Party "En Marche" is likely to win by landslide the french election unexpectedly.
m.20min.ch/ausland/news/story/12028116
評論:
U.S. factory orders rise; core capital goods orders revised up
www.investing.com/ne...-factory-orders-rise
評論:
Bundspreads - short:

評論:
Jobs creation expected to bounce back, miss could push back rate hikes
www.investing.com/ne...ck-rate-hikes-480456
評論:
European stock funds gather momentum as inflows cross all-time record high of $6 billion
www.cnbc.com/2017/05...on-france-trump.html
評論:
CNBC Headline on Saturday/Sunday May 12/13: Billions of dollars move out of the US as some investors flee the beleaguered Trump trade
ETF.COM

Source:
www.etf.com/sections...017-05-11-2017-05-05
www.cnbc.com/2017/05...-etfs-this-week.html
評論:
Germany's upturn set to continue in coming month: economy ministry
www.investing.com/ne...nomy-ministry-484151
評論:
U.S. political jitters weigh on European shares as M&A, earnings whir in background
m.investing.com/news...pean-shares-as-m-amp
評論:
Philly Fed manufacturing index blows past consensus in May
m.investing.com/news...sensus-in-may-485905
評論:
Wall St. edges up as investors buy beaten down stocks
www.investing.com/ne...ult-continues-485869
評論:
Man who called Dow 20,000 says stock market could see 1,000-point surge if Trump resigns www.marketwatch...igns-2017-05-17?siteid=big...
評論:
U.S. economic outlook brightens as job market tightens
www.investing.com/ne...-jobless-claims-fall
評論:
S&P 500 hits record high close following Fed minutes
www.investing.com/ne...f-fed-minutes-487952
評論:
Rare retail bright spot boosts S&P, Nasdaq to records. www.investing.com/ne...th-to-pick-up-488449
評論:
Polls suggest parliamentary majority within reach for France's Macron
www.reuters.com/arti...ection-idUSKCN18E07E
評論:
Comment: April 18th 2017: The U.K. Snap Election Is Riskier Than It Seems

Quote: Conservatives are way ahead of Labour in polls of the United Kingdom — which may have been behind Prime Minister Theresa May’s decision to declare a “snap” general election for June 8 in the hopes of increasing her party’s majority in Parliament.

But May’s move isn’t risk free. In fact, if the final polls come within a couple of percentage points of the actual vote on June 8, it will be something of an upset. Polls in the U.K. have a history of inaccurate performance, with average errors that more than double the ones in American presidential elections.
fivethirtyeight.com/...skier-than-it-seems/
評論:
Comment: UK General Election polls: Tory majority ‘could be slashed to just two seats’ as Jeremy Corbyn’s Labour makes gains
www.standard.co.uk/n...labour-a3549511.html
評論:
Pound Traders Sweat as Narrowing Polls Boost Election Jitters
www.bloomberg.com/ne...ost-election-jitters
評論:
Comment: Latest polls showing Theresa May lost majority in popular votes - wich doesn't matter for the parlamentary election.

43% Torries (Theresa May)
36% Labour
9% Lib
4% SNP
Source: en.m.wikipedia.org/w...neral_election,_2017
評論:
Comment: UK could be heading towards hung parliament after general election, pollster predicts
YouGov predicts the Conservatives may win just 310 seats – 16 shy of an absolute majority
www.independent.co.u...atives-a7764271.html
評論:
評論:
Comment: Sterling hammered by poll showing risk of hung parliament
www.investing.com/ne...ng-parliament-489991
評論:
Markets now start to focus on the UK election. For the DAX anything else than the scheduled "hard BREXIT" matters and should gain positiv momentum medium term.
評論:
Japan's manufacturing growth picks up to three-month high on improving orders: PMI
www.investing.com/ne...g-orders:-pmi-490499
評論:
German unemployment rate falls to new record low
www.investing.com/ne...ew-record-low-490055
評論:
Comment: George Soros`s bets against Donald Trump failed.

This is what he bet against and maybe he is going to fail again:

Soros says the European Union is now in an existential crisis, surrounded by hostile powers
www.cnbc.com/2017/06...-hostile-powers.html
評論:
Labour ahead of Conservatives in unadjusted poll of voters
Overall result for Ipsos Mori still shows Theresa May ahead by five points - but the gap is narrowing in Jeremy Corbyn's favour www.independent.co.u...justed-a7770651.html
評論:
British PM May's election gamble in doubt as poll lead falls to one point
www.cnbc.com/2017/06...ls-to-one-point.html
評論:
Quote: Investing.com - Europe is likely to set the tone for global financial markets this week, with the European Central Bank policy meeting and British general election on investors' minds.
Meanwhile, in the U.S., market players will pay close attention to former FBI director James Comey's testimony before the Senate Intelligence Committee, in a hearing that could add to difficulties facing President Donald Trump.
Source: www.investing.com/ne...omic-calendar-491610
評論:
Week Ahead: UK Election, Slowing U.S. Growth Boost Safe Havens
www.investing.com/an...eek-ahead:-200193051
評論:
Comment: China May data to show stable growth as exports stay solid
www.investing.com/ne...ts-stay-solid-491768
評論:
Comment: After London attack, May faces election heat over police cuts
www.investing.com/ne...r-police-cuts-491847
評論:
Jeremy Corbyn calls for Theresa May to resign as Prime Minister for presiding over police cuts while Home Secretary
The Labour leader said he backed similar calls by 'very responsible' people who are 'very worried' about her record
www.independent.co.u...n-2017-a7773286.html
評論:
Theresa May told to cancel Donald Trump's state visit to UK
'Show some bottle please PM. Cancel the state visit and tell Trump where to get off'
www.independent.co.u...sident-a7774141.html
評論:
The British election is in 3 days — and the polls are getting a lot closer
www.vox.com/world/20...-corbyn-labour-surge
評論:
UK General Election polls: Tory lead slashed by 16 points as 'election race on a knife edge'
www.standard.co.uk/n...e-edge-a3557681.html
評論:
General Election 2017: Conservative poll lead over Labour narrows to just one point
www.telegraph.co.uk/...ead-labour-narrows2/
評論:
Trump says ahead of former FBI Director Comey's testimony: 'I wish him luck'
www.investing.com/ne...ish-him-luck'-492503
評論:
European shares tread water as UK election, Spanish banks in focus
www.investing.com/ne...anks-in-focus-492671
評論:
Trump pushes infrastructure plan as Russia probe heats up
www.investing.com/ne...robe-heats-up-492951
評論:
Polls now moving more to Theresa May: www.independent.co.u...sa-may-a7777781.html
評論:
Also to remind - French parlamentary Elections on Sunday:
en.m.wikipedia.org/w...ative_election,_2017
評論:
French parliamentary election polls point to Macron landslide
First-round results for overseas voters have La République En Marche candidates ahead in 10 out of 11 constituencies
www.theguardian.com/...republique-en-marche
評論:
Four reasons why the French parliamentary elections matter
theconversation.com/...ections-matter-77774
評論:
OECD ups global growth forecast to six-year high; downgrades US
www.cnbc.com/2017/06...us-eurozone-ecb.html
評論:
German Bunds, 10Y yield. Technical Signal in time. Click on the chart to load new bars.

評論:
Weekly candlesticks anticipating shwoing bullish Harami Cross - wich could indicate a reversal pattern.

評論:
Bullish harami cross likely to be confirmed. DAX could rise to new all time highs now before the uptrend is going to be reversed medium term.

評論:
Quote:

Spiegel: Massive collusion amongst German automakers
In what could be the biggest case of collusion in Germany's history, the weekly news magazine 'Spiegel' has reported that German car makers have been secretly meeting since the 1990s.
Source: www.dw.com/en/spiege...utomakers/a-39793521

This is a major event dragging the DAX down below the major support line:

評論:
交易結束:達到停損點:
Until it is more clear, how the DAX is going to react finally to this by SPIEGELonline reported issue all longposition on all European Stockmarkets are closed today. Germany's DAX30 is the bellwether for Europe. It is unlikely that other stockmarket indices not going to follow the DAX.
評論:
Additional views - click on this chart to read comments.


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