The slow line is trending down as the fast line is correcting into it (typical of a bear flag price pattern).
Typically I look to enter on the 5-min chart based on the first negative reading (3/10 macd fast line), but in this case that happened on a green hammer bar so I was looking for a pullback higher. Fib. projections were based on the first seed wave that is highlighted on the 5-min chart.
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