Previous bottom seemed to have had a capitulation bottom before the rise higher... even though it will be painful, I think it is the healthiest path...
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Previous bottom seemed to have had a capitulation bottom before the rise higher... even though it will be painful, I think it is the healthiest path...
I would call it "just another bottom". I think the term "capitulation" implies an All Time Low (at least for that pattern), but the previous one had already been lower than the "capitulation bottom" during the pattern. To translate that to today: I can see another hit of the $5.9k support, maybe a few hits, but I don't see it being breeched.