Only a few stocks are still on the trendline, most have broken below it and dropped to the next level, with quite a few already experiencing an A-kill or even a Christmas tree pattern. This indicates that the overall phase trend of AI (second phase) has been disrupted, and a reversal would require significant energy. Plus, the market itself needs to flush out the FOMO retail investors. Therefore, the success rate of a reversal is clearly lower than that of a rebound. The market needs to recover gradually before it can move into the third phase of growth.