Concept
Bear Market
In Elliott Wave context, a bear market represents the corrective phase (waves A-B-C) that follows a completed five-wave advance. The entire decline is labeled as a three-wave structure at the larger degree.
RELATED TERMS
Corrective Wave
A three-wave structure that moves against the trend of the next larger degree. C...
Wave A
The first wave of a corrective sequence (A-B-C). Wave A establishes the correcti...
Wave B
The second wave of a corrective sequence. Wave B moves against the corrective tr...
Wave C
The final wave of a corrective sequence. Wave C always subdivides into five wave...