The Six Stages of a Bull Market
Stage One
People doubt the arrival of the bull market, not believing that the market will rise.
Stage Two
Seeing price changes, they still feel there will be a correction, worried about a pullback.
Stage Three
Prices rise, with increases beyond expectations, making it hard to believe.
Stage Four
Continuous rise, people begin to acknowledge the bull market, accepting the upward price movement.
Stage Five
Prices stagnate, and people begin to doubt that the bull market will continue.
Stage Six
Finally, people subconsciously believe that prices should continue to rise, immersed in bull market thinking.
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