It looks like the "Double Bottom Recovery" scenario is in play. This scenario was published in the TIMM trading pits a week ago (https://t.co/AyT2GZgaIX).

In the longer-term, this TIMM post from May still perfectly explains what  is doing: https://t.co/hh9eHiUYol

 https://t.co/Pp4EotOCpz