The DAX 40 maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart with a green line.
The RSI has dropped below 30. This is a signal that a downward movement is prevailing, but the indicator very rarely stays below 30 for a long time. Often after this there is a correction or a price reversal.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
Currently, trading DAX 40 assumes the priority of long positions. A trader can enter the market both at the current levels or when retesting of the resistance level occurs.
📌 Entry: 22983.50
✔️ First target: 23371.97
✔️ Second target: 23631.36
❌ Stop order: 22766.22
DAX 40 M15: Divergence signal is received from the Stochastic
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