Let’s review the indications of the MACD. Despite the fact that DAX 40 maintains a downward trend, the MACD indicator has changed direction to an upward one. The reversal pattern is marked 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.
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.
For DAX 40 now the most evident trading strategy is opening the long positions. A trader can enter the market at the current levels or when a preset level is being retested.
📌 Entry: 24373.16
✔️ First target: 24447.66
✔️ Second target: 24512.41
❌ Stop order: 24325.41
DAX 40 M15: An upward reversal signal was received from MACD
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