The market is cyclical; understanding its psychology helps traders maintain discipline, manage risk, and make more informed decisions.

Market Cycle:

🔸Euphoria: Prices soar, confidence grows, and traders flock in.

🔸Complacency and Anxiety: Momentum slows, uncertainty begins to emerge.

🔸Surrender and Reevaluation: Prices fall, leading to cautious decision-making.

🔸Hope and Recovery: Sentiment stabilizes, and traders look for new opportunities.

What stage do you think we are currently in? Personally, I feel we are in the surrender and reevaluation stage.