A classic divergence marked with a green line has been formed between the price chart and the RSI indicator. The DAX 40 price has updated its local low, while the indicator remains above the 30 mark.
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.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
For DAX 40 now the most evident trading strategy is opening the long positions. A trader can enter the market at the current levels or when a preset level is being retested.
📌 Entry: 22694.40
✔️ First target: 23003.40
✔️ Second target: 23191.90
❌ Stop order: 22527.90
DAX 40 M15: RSI signals a possible upward reversal
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