Bull Market

An increasing price tendency accompanied by positive outlooks about future prices. Chart patterns form higher highs and higher lows as support levels are more important than resistance.

The RSI indicator will usually turn up from above 50 and easily moves above 67 into the sustainable bull territory. During larger scale corrections, the RSI zone of 38-50 still functions as the ultimate support. When RSI ranges like that, it is a telltale sign of a consensus about higher prices.