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.
The DAX 40 trade is better situated towards opening a long position strategy. Possible entry points include both current prices and retest levels of the designated resistance line.
📌 Entry: 23699.47
✔️ First target: 23791.47
✔️ Second target: 23864.97
❌ Stop order: 23644.97
DAX 40 M15: Divergence signal is received from the Stochastic
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