Let’s review the indications of the MACD. Despite the fact that DAX 40 maintains a downward trend, the MACD indicator has changed direction to an upward one. The reversal pattern is marked with a green line.
A reversal signal has been received on the Stochastic indicator. When several technical indicators form a divergence at once, the probability of a reversal formation developing increases.
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.
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: 24066.23
✔️ First target: 24315.23
✔️ Second target: 24475.73
❌ Stop order: 23929.73
DAX 40 M15: MACD amplifies the previously received reversal signal from Stochastic
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