I don’t think we’ve seen real capitulation yet. I’ve been saying for weeks we are very much in denial.


We’ve seen weak bounces. We’ve seen people trying to force a bottom but we haven’t seen panic. Market lows take time, they grind people down first.
I’m not a permabear. I’m bullish when the chart gives me a reason to be bullish and bearish when the chart gives me a reason to be bearish.
The moment you accept price can move both ways, you become a much better trader.
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