Since most people here won't have traded a bear market
I thought it was worth looking at the last one
GRI 2022
TRADE AT YOUR OWN RISK
บันทึก
บันทึก
The 00 bearmarket resulted in circa 45% down over a couple of years
The GFC crash was from the same level but was swifter, with more than a 55% drop over less than 2 years
บันทึก
It took 13 years to make a new high
บันทึก
บันทึก
The 2000 drop was preceded by an extended period of bearish divergence and a broken major trendline; with a few months of sideways and an ascending triangle
บันทึก
The 2007 drop was more sudden and deceptive; and probably was traded as a pullback by most
บันทึก
this monthly candle seems pretty important...
บันทึก
บันทึก
i'd say on the basis of the monthly pa it would want to test at least the top of the shooting star from November
บันทึก
Monthly candle wick from Nov is the target from this monthly idea
But the PA could portend something spectacular as above