On the 3 hour chart, price broke out of a sell zone into a buy zone and completed a bullish MA cross.
Price created a bullish engulfing pattern that was also a continuation pattern confirming the 4H resistance has been broken.
The 4H S/R that price just broke above is now support.
Price could be breaking out of the sell zone to retest previous high's and create a bullish engulfing on the daily and weekly timeframe in the process.
It's also following pefectly the daily trendline with a recent retest of support. It then broke the pullback trendline to continue upwards I believe your analysis is correct and the same as mine