On the weekly timeframe we are still overall bearish. We are currently pulling back to retest the moving averages. Last week formed a bullish engulfing showing the there are more buyers than sellers within the market at this time. The moving averages have cross on the daily timeframe showing momentum shifting. We are overall still in a retracement but we could see a larger pullback here. On the H4 timeframe we broke to be bullish and currently the 200 day moving average is being tested. We will look to take advantage of buying opportunities on lower timeframes here