Rally from Jan 17 to Jan 18, now a 61.8 % fib retracement of that. March 15 and Dec 16, double bottom
plus positive divergence RSI
and price (i.e. lower price but RSI
nog making new low). In Elliot wave
terms could be Jan 17 to Jan 18 Wave 1, retrace to 61.8 % wave 2 and now wave 3 unfolding.
This should be evident fairly quickly
If not then something else is happening
TA is not an exact science