For those who care and maybe if it can help in your trading, beside the Elliott waves which takes years to figure, we had various confirmation that the bottom had been struck using conventional TA:
First the black line on the RSI that acted as support during the strong move up and was broken during the past days retrace. Going back over it was a first sign, but the first is often a fake signal. It's a sign nevertheless. Second clue was going back over it again. Very strong clue was holding it on the RSI retrace.
Then, we invalidated the divergence in red. We can see an attempt by the bears to hold the line here.
And, we had some kind of flag that, when broke over, created a strong move. It's not unusual to pull back on a flag, although I doubt this will be the case given the wave count. If pull back there is, should hold both the RSI line (either the black or green, depending where it is at the moment of the pull back), and of course the flag itself. Flag gives a target over 1.53, consistent with the wave count (1.45 if no extension, and miners do extend, especially in a wave iii of 3)
AZS chart, page-861
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