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.
A reversal signal has been received on the Stochastic indicator. When several technical indicators form a divergence at once, the probability of a reversal formation developing increases.
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.
It is recommended to prioritize long positions on DAX 40 in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 23675.47
✔️ First target: 23791.47
✔️ Second target: 23984.42
❌ Stop order: 23571.82
DAX 40 M15: After divergence on Stochastic, a similar signal was recorded on RSI
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