A market situation that arises when prices experience temporary retracement in a rising market (bull market). In other words, this occurs when market prices reverse down from a bullish trend (the so-called bull-confirmed status). Bullish correction is an indication that the market enters a resting phase before it continues its climb. The bullish correction status may be observed below the 70% line or above it if it doesn’t already drop below that level.
This market condition is also known as a bull correction.
