The DAX 40 maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart 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.
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 this timeframe for DAX 40 it is preferable to open long positions.
📌 Entry: 24432.73
✔️ First target: 25149.60
✔️ Second target: 26403.49
❌ Stop order: 23775.81
DAX 40 H4: Divergence signal is received from the Stochastic
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