A downtrend is essentially like going down stairs, step by step.
The first step is the easiest to deceive you.
The price rebounds for two days, then starts to weaken, not even reaching the previous high.
You comfort yourself: Is it just a washout? Just hold on a little longer.
In the end, the stairway exit is right in front of you.
The second step is even harsher.
The last low point is directly broken through.
You start to panic: Is it going to reverse? Should I short?
But as soon as the price pulls back slightly, you hesitate again, afraid of being fooled by a false breakout.
The third step is the most tormenting.
Every time there is a rebound, it looks like an opportunity, but the highs keep getting lower.
You feel like "it's already dropped so much," yet you are reluctant to leave.
At this point, your emotions have already started to be led by the market.
The fourth step is when the desire to kill is the strongest.
After a wave of accelerated decline, a long lower shadow suddenly appears.
Your eyes light up: Is a rebound coming? Is it going to reverse?
Short positions start to feel uneasy, while long positions can't help but reach out.
As long as you keep guessing the bottom,
The market will definitely draw the "reversal candlestick" that you want to see the most,
And it will repeatedly trick you into getting in, getting out, and getting back in.