Are we in a bear market? The chart says nothing is confirmed. Price is bouncing off of the same support it did during the correction about 2 months ago. If we hold the current low past the holidays, it might be a sign that we're still in a bull market.
Note
Allow me to further explain. The current 12H candles are further split into weekly bars. The correction that occurred two months ago bounced off of the low 2 weeks prior. The same thing is happening now, but things are much different from what they were two months ago. I'm thinking if the current local low is held, then at the very least, this is not confirmation of a bear market.
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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.