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This is a very important observation.
There are a large number of people trying to say we are in the same market position as the start of 2022...
And even though the chart pattern has it similarities for sure, it is important to understand the bigger picture.
In 2022(bottom chart) we can see Global liquidity was in a downtrend and not making new highs. Inflation was insane and QT was set to begin, along with interest rate hikes. In addition, volume was decreasing as the price moved higher.
This is textbook exhausted PA that has its lifeblood(liquidity) draining from its foundation.
Right now, we are in a totally different situation.
Global liquidity is increasing and volume is rising with price. We just had the biggest green daily candle since the April bottom.
Similar chart pattern, totally different foundation.