A divergence between the direction of price movement and Stochastic indicator has formed on the DAX 40 chart. Although the price is decreasing, Stochastic is directed upward, which is the first sign of easing pressure on the price.
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.
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.
The DAX 40 trade is better situated towards opening a long position strategy. Possible entry points include both current prices and retest levels of the designated resistance line.
📌 Entry: 24337.11
✔️ First target: 24519.71
✔️ Second target: 24618.01
❌ Stop order: 24242.81
DAX 40 M15: Divergence signal is received from the Stochastic
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