The bulls accomplished another step on the reversal by forming a 4 hour higher low and higher high, keeping the uptrend intact from the bottom. We now will need to form a lower high on the daily, likely under EMA 12 and 26 resistance. From there we will need a daily higher low, and higher high to indicate the reversal on the daily downtrend. Weekly bullish reversal candle currently forming on big volume with a few days to go still. This is encouraging for the bulls but we need the daily follow through which has not happened on any of the last attempts. Note the last 4 hour bounce also had a higher low and higher high, so bulls are not out of the woods yet!