On the Daily chart we had 3 waves down followed by a 2 wave correction to a magnet zone which is a 50% retracement of the 3 waves and support and resistance. The 4 hour chart is showing divergence between the two legs up and also divergence on the last two higher highs on the 1 hour. To trade this conservatively I would like to see a convergence or convergence principle on the 1 hour chart then a push up for an entry.