If a financial news show reports that most analysts in a survey think we are headed for a «bear market» in stocks, it means that those analysts think that stocks will begin
an extended downtrend, with prices falling consistently for a while.
Today, in
this extended downtrend, I was able to find a nice simple win.
The Trend Reversal setup is only used to identify early and developing leadership among stocks / ETFs whenever the broad market is recovering from
an extended downtrend:
Not exact matches
This medium - term
downtrend channel resides within a larger, long - term
downtrend channel
extending from the June 2007 high.
The current leg of this new
downtrend extends from the January 13th high, and has formed a valid bearish resistance trendline.
If the lows break, the
downtrend can
extend to $ 6,000 levels.