This setup is a perfect example of how multi-timeframe analysis can be such a powerful technique to use in your trading. Starting on the daily wen can IDENTIFY that price has come down to a previous level of structure. We can also IDENTIFY a candlestick formation that shows us to keep our eyes open for a potential reversal. THEN as we work our way down to the lower timeframes, we can now see a classic reversal pattern forming (Head & Shoulders) which supports our analysis from the higher timeframe.
When everything alligns as such, it typically lends for the best trading opportunities.
As always, please leave me any questions or comments that you may have & feel free to share your ideas as well.