It is usually the case that wave 3 of an impulse wave marks the lowest (or highest) point on the MACD indicator. This confirms my wave 3 label on the long term chart. You can also see a divergence between waves 3 and wave 5. That is typical behavior. Even though wave 3 occured in Feb (many many months ago) the divergence between 3 and 5 still hold after all these months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.