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.
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 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: 24334.57
✔️ First target: 24383.57
✔️ Second target: 24433.57
❌ Stop order: 24300.90
DAX 40 M15: RSI signals a possible upward reversal
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