As I said previously, you are simply too complacent trading this.
It's clear that it "always" bounces off of $70. However, one of these times, you are going to be blindsided and it's going to break below $70. The first time or two maybe it will go to $69.90 to let the stop-losses get taken out, and then make a small bounce up. But one time it's just going to keep going, and once it gets going, it's going to fall hard...you'll blink having seen it at $69.75 and next thing you know you're going to be looking at $65 or less.
That is exactly how this is setting up. Look at the YTD chart - it's peaking at lower highs on the bouncebacks.Once it tires, it's not going to bounceback higher - it's going to dive lower.
Apparently you still feel lucky and think it won't break below $70 this time. We'll see.
Your time for playing the bounces here is almost up.