Yes, the MACD (12,26,9) leading indicator is attempting to make a bear crossing, however, the MACD is above the zero line, so we could get a short Daily Phase 1 correction leaving the MACD leading indicator on the bear side and the next Daily Phase 2 could still take the Weekly Phase 2 to a new high while the bear MACD gradually trends downward, until it crosses below the zero line, then the corrections last longer and are deeper.
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