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 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: 23229.55
✔️ First target: 23324.55
✔️ Second target: 23438.55
❌ Stop order: 23162.55
DAX 40 M15: Divergence signal is received from the Stochastic
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