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.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
Against this background, it is now advisable to consider the long positions for DAX 40. Optimal entry points can be either at current prices or when retesting resistance.
📌 Entry: 23947.13
✔️ First target: 24141.63
✔️ Second target: 24300.38
❌ Stop order: 23827.38
DAX 40 M15: An upward reversal signal was received from MACD
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