I typically would not trade this signal, however, it has an almost engulfing candle at long term support. The candle does not engulf the bottom though so I wouldn't necessarily call it engulfing. It is also a bullish sign that the wick did not make a lower low so I am expecting a strong move. You could also make the case for there being a harmonic pattern on the weekly, although, I have often have trouble specifically pinning the exact measurements of a harmonic pattern so I typically stay away from it.