- I think we are very close to complete the 5th wave on daily frequency.
The also signals a negative divergence (chart on the right hand side).
If you check 60 min chart ( the other chart), you will also notice the sub waves of the (macro) 5th wave is almost complete.
This means, the price rally needs a break.
The price can hit between $8.30-8.50.
Then, we will see a correction.