during the bear markets I lived through 87,2K, 2008-2010 I had to learn how to detect bear market conditions, the easiest and simplest if when the 50 EMA crashes down through the 200 EMA.
Another indicator of a Bear Market is a flight to quality gold and silver... check that's 2.
We have a head and Shoulders, price is falling down and possibly through the 50 EMA. H & S is #3
The blue line is the 100 DMA (I use DMA or EMA) if this crashes through the 200 that's even more bearish.
This happening means we should not be long, all things being equal I think we will go down.
Another indicator of a Bear Market is a flight to quality gold and silver... check that's 2.
We have a head and Shoulders, price is falling down and possibly through the 50 EMA. H & S is #3
The blue line is the 100 DMA (I use DMA or EMA) if this crashes through the 200 that's even more bearish.
This happening means we should not be long, all things being equal I think we will go down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.