Firstly on the weekly timeframe
we have has our fourth touch with a rejection from a key area (YELLOW BOX). Then on the daily and 4 hour timeframe we start to see a reverse head and shoulders
pattern forming (PURPLE BOX). taking this into account with the key area being touched, if the pattern develops this would give me indication that we are going into a bullish
market. To be sure we was in a bullish
market we would wait for a breakthrough of the previous resistance, then a pull back using that previous resistance now as a support. Lastly we would be looking for candlesticks
that are reacting to the support, this would signal for a buy entry.