As soon as there is a rebound, someone shouts that the bull market has returned. I just want to say that this is not a reversal; there is still a considerable distance from a trend reversal.

Today's highest point, retracing to 0.286-0.382 will be tomorrow's lowest point. Every day is a new high; at least 3 days a week should continue the upward trend, and that is a bull market!

If it pulls back from 110000 down to 78200, this deep squat cannot lead to a rise to 117000, but only reach a maximum of 94850-98000. Then, under negative stimuli in the future market, it will drop below the new low of 78200.