Technical Analysis:
I believe that the structure of Wave 4 is nearing its completion, and we are poised to move higher. As I have mentioned multiple times, the period between August 20th and 22nd is a key bullish cycle for me. Yesterday's strong upward move aligns with this outlook. As long as the 57,500 level holds on the daily timeframe, I anticipate that levels around 80,000 are within reach. Therefore, I maintain a bullish stance and suggest taking positional longs in a buy-on-dips scenario. Overall, my outlook remains bullish.
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