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
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.
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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.
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: cnbc.com/2017/04/20/the-market-suddenly-doubts-the-fed-will-raise-rates-twice-more-this-year.html
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.
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APR 21 2017 -The Dow had shown a similar continuation pattern below the 20k milestone:
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APR 21 2017: Traders might keep in mind that in both cases the F&G Index similar is falling to extreme fear levels.
"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.
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/features/the-u-k-snap-election-is-riskier-than-it-seems/
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.
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: investing.com/news/economy-news/the-week-ahead:-5-things-to-watch-on-the-economic-calendar-491610
German Bunds, 10Y yield. Technical Signal in time. Click on the chart to load new bars.
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Weekly candlesticks anticipating shwoing bullish Harami Cross - wich could indicate a reversal pattern.
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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.
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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: dw.com/en/spiegel-massive-collusion-amongst-german-automakers/a-39793521
This is a major event dragging the DAX down below the major support line:
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交易結束：達到停損點
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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.
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