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History doesn't simply repeat itself, but it rhymes. The real test is in the 52K-60K range; I'm already in the car.
This hasn't happened yet in this cycle, but I remain HTF bullish.
My view remains simple, we are approaching this bottoming phase, and when it finally arrives, most will remain sidelined calling for lower prices. There's no edge in fighting a pattern that has repeated at every bear market bottom. This time likely isn't different.
I'm positioned for this scenario to play out in the 60–52K region. I'm buying spot, and I'm already in swing longs.