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.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
The chart prompts to focus on long positions in DAX 40. It advocates entering the market at the current levels or while reaching the level, at which the retest occurs.
📌 Entry: 23592.09
✔️ First target: 23941.09
✔️ Second target: 24130.09
❌ Stop order: 23412.09
DAX 40 H1: RSI signals a possible upward reversal
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