Volatility building up in the macd histogram. Notice how the same happenned before the massive upward move.
Price currently trapped in the triangle.
Not yet decided on whether am bullish or bearish.
Will decide when price breaks out either upwards or downwards. Till then, am holding
As you can see, the second low of the wave was represented by a higher low in the macd, meaning it lacks strength.
The upper trendline of the diagonal has been broken and am bullish. Target on chart. Good luck