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.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
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: 22324.67
✔️ First target: 23174.67
✔️ Second target: 23669.92
❌ Stop order: 21874.92
DAX 40 H1: RSI signals a possible upward reversal
Leave a Reply