2007- now comparison

It is still unclear if this is a A-B-C or a -1-2-3 which implies a 4 and 5 to come.
Only after the waves are completed will we be able to say what it has been.

Here is again a comparison between 2007 and now on the weekly:
The divergences between Price / MACD and Price/RSI are to be noted.

On the 1-Hour chart we can see the MACD histogram decreasing: When <0, then there will be a good chance this leg is over, like in 2007. However, it may also just note the top of wave-3 up (if an 1-2-3) and hence a somewhat prolonged 4 and quick 5 may still be in the works.

How do you tell a TOP : I will write a separate entry for that, but for now lets just say that "a top in a particular time frame is in when a new down-trend has confirmed!"