My Perspective:

I believe that buyers entered too early. Their reasons for doing so made sense:
– EMA 200
– 2.618 Fib
– Stochastic divergence
– Stochastic oversold
– Prior support

Albeit their entry made sense, the downtrend is not yet exhausted.
– TD Sequential 7-of-9
– TD Countdown 10-of-13
– Close below 2.618 Fib
– Close below EMA 144 (circled)

Please note that after major buying waves where price has pulled back and closed below EMA 144 (circled), price fell to EMA 305 where the ultimate bottom was found. I expect that this will happen again. Expect price to break down imminently to major 1.618 Fib support.