Is a reversal on the horizon?

Polygon had a correction on the 12 HR TF. But price seems to be forming around the 50 % FIB level and key support level with the cm williams vix fix indicator flashing green alluding that the bottom is forming or in. Price is also forming around 50 EMA. The SRSI is in the oversold area also, There is a possibility but not certain that a reversal maybe on the horizon.