- A Bearish Harami chart pattern, which is a means of predicting reversals in bull markets. When a Bearish Harami is detected at the top of a prevailing uptrend, it is typically considered a bearish signal and a prelude to a potential trend reversal.
The DAX displays further gains following a recent trend of 13 days and 1,249.74 points. Heading in the same direction for now — after closing the previous trading day at 14,380, the DAX is up to 14,422, which makes for a move of 0.29%/42.4 points today.
The index has been trending positively for about a month. Having set a significant high of 16,272 2 months ago, the DAX is trading 93,155% lower.
Japanese candlestick formations show 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end.
Fundamental indicators – Producer Price Index in Germany fell short of market expectations (0.9%) with a reading of -4.2%, continuing the decline from the previous figure of 2.3%.
The DAX shows positive signs, other assets are also on par: FTSE is up 0.71%. ASX 200 is up 0.59%.
Meanwhile, Hang Seng slumps 1.31% to trade around 17,424.
Upcoming fundamentals: Euro Zone Services PMI figure is projected at 48. It previously stood at 48.6; data will be released tomorrow at 09:00 UTC.