The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
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.
Thus, based on DAX 40, it is recommended to focus on opening long positions. The market entry point is warranted at the current level or upon the retest of the support level.
📌 Entry: 24373.66
✔️ First target: 24823.16
✔️ Second target: 25434.06
❌ Stop order: 24020.19
DAX 40 H1: RSI signals a possible upward reversal
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