The daily put in a 3rd push down a few days ago (on a momentum divergence and is trying to regain that trend line:
In the chart below, the daily is on the left, the weekly on the right.
A few things on the weekly; A momentum divergence, price is still within a down trending channel and has regained the 50% retracement (May lows to Sept. highs).
A play on the weekly momentum divergence would be for the daily 3/10macd fast line to correct into the slow line and then turn green, which it seems about to do. My biggest concern would be the slow line distance from the zero-line, so we want to see momentum pull that line higher. If price can get through the overhead weekly channel trend line we may see that momentum carry-through.
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