When you look at the (weekly) in terms of price we are back at point C (pls see attached price charts). We got there via a large dominant candle. The daily shows how the dominant candle was formed. In T/A terms it was an impulsive ("no overlaps between candle bodies") move down. The candle bodies ( as Steve Nison points out the "body is also telling you about the momentum") now starting to get smaller & overlapping (corrective) so Daily momentum is slowing. Need to see some closes on the highs. And then a lot of healing (sideways base building) to get back to the overlap point of $1.15.
Here is an example (ALU) of what you might start to see if prices are going higher on the hourly timeframe:
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(20min delay)