This post uses simple technical analysis with major trend lines to give answers to major questions that are going around. Here are they.
1. Have we entered Bull Market? - YES 2. Can the price go higher before major correction? - NO (Red Line) 3. How much low can the price retrace? 4800 - 5200 (Green Line) 4. Can the Bear market continue from now? (YES - When the price breaks Yellow Line) 5. Are we done with the current uptrend? NO (Target 7400 Max 8200)