Is selling pressure going to be seen in the Index?

The Pair has formed a Harami Pattern on a Daily time frame, a harami pattern is a short term reversal pattern. After the formation of the pattern the security can have a correction for 3-4days.

The Index has formed the Harami pattern near the resistance zone so the validity of the pattern to reverse has a good probability. The Index closing below 14510 would be an opportunity to enter short in the Index.

Traders who want to take less risk can do a bear spread and can adjust the position if the Index moves in the opposite direction.

Buy 1* 14500 PE
Sell 1* 14300 PE

If the market moves opposite and closes above 14910 start selling PE below 14300 strike.

Advice : Sell if the pair closes below the mentioned level.

DAX

KUNAL KAMBLE

Mar 31 2022