From technical perspective,
1) We are in Bear market is when prices drop by more then 20% from their peak.
2) Price is below 200 dma
3) Series of lower high and lower lows on Monthly chart
4) Size of bullish rallyies are limited whereas size of downward fall is extended.
5) Chart indicates the Elliot Wave 5 is formed in downward direction (one will be never be sure till EW 3 in downward direction as that could be 3 W correction in bull market but when wave 4 is formed it breaches the low of Wave 3, then we are in wave 5 of bear market.
Quite possibly we will see this in longer timeframes as well.
All these signals are delayed be months so they are good for academic purpose. For trading purpose, I would rather relay on trendline break, Moving Average line break, supports becoming resistence etc are way ahead in time.
Happy Trading.
1) We are in Bear market is when prices drop by more then 20% from their peak.
2) Price is below 200 dma
3) Series of lower high and lower lows on Monthly chart
4) Size of bullish rallyies are limited whereas size of downward fall is extended.
5) Chart indicates the Elliot Wave 5 is formed in downward direction (one will be never be sure till EW 3 in downward direction as that could be 3 W correction in bull market but when wave 4 is formed it breaches the low of Wave 3, then we are in wave 5 of bear market.
Quite possibly we will see this in longer timeframes as well.
All these signals are delayed be months so they are good for academic purpose. For trading purpose, I would rather relay on trendline break, Moving Average line break, supports becoming resistence etc are way ahead in time.
Happy Trading.