Bullish Divergence on multiple time frames and indicators.
The MACD indicator makes a low and then a higher low – indicating that momentum is moving to the upside. At the same time price makes a low and then a lower low.
The MACD indicator is a momentum indicator and is based upon average prices. When it starts moving upwards it is normally the case that price is also moving upwards. In this case, the MACD indicator is going upwards and the price is continuing to go downwards. This indicates that the market is oversold and therefore a correction is likely.
Good Luck