Looks like a trend reversal is underway?
Key Notes: A bullish MACD divergence occurs when the price action is moving downwards and the MACD is showing higher bottoms. In this case, the MACD indicator is giving us a strong bullish signal. Very often we will see price begin a strong upwards move after a bullish divergence with the MACD. Below you see an example of a Bullish MACD Divergence. After the occurrence of the divergence we see that the price starts an uptrend.
Key Notes: A bullish MACD divergence occurs when the price action is moving downwards and the MACD is showing higher bottoms. In this case, the MACD indicator is giving us a strong bullish signal. Very often we will see price begin a strong upwards move after a bullish divergence with the MACD. Below you see an example of a Bullish MACD Divergence. After the occurrence of the divergence we see that the price starts an uptrend.