The Daily did not confirm its Bearish Engulfing from the 38.2 retracement level. Which tells me that a potential reversal is underway. Especially after a daily hammer and intraday the 1H HAS CONVERTED AN INVERTED HEAD AND SHOULDERS. This is important to our bias change from overall bearish to short term bullish. The 4H hour is in line with this move by the fact that it broke a minor swing high. or a lower high. This buy set-up can be clearly seen on the 30min as well as the 1hour timeframe.