Chart

So I have the most rudimentary knowledge of charting.... any chartists following?

Using RSI to spot a trend reversal, could we be seeing a 'bullish swing rejection' signal? There are 4 parts required to satisfy the signal: 
1) Falls into oversold
2) Crosses back above 30%
3) Dips without crossing back over oversold line
4) Breaks through most recent high

Maybe some swing traders will pick this up (if i have analysed correctly) and get some upward movement and volume going through. 

happy hump day all