Here are those same two questions again:
1) When does a bull market pull back actually become a market top?
2) When does a bear market bounce turn into a legitimate market bottom?
Just as you're probably doing right now, I also struggled with those very same two questions for many years while trying to understand price behavior. After many years and many tons of sweat and tears, I made two highly critical and truly astonishing discoveries about market behavior which I will share with you right now.
1) Mathematical laws and the laws of physics govern all market behavior.
2) The price charts we look at every day are spherical, not flat. We already know the world we live in is spherical, not flat. And that all space is curved, there are no straight lines in space. So, why does everyone draw straight lines on the chart when measuring support and resistance?
If all market behavior is governed by the laws of mathematics and physics as all other physical objects are, then this means that market price itself must also behave exactly the same way as any physical object traveling through time/space without the influence of gravity. And also, that price moves through a 3 dimensional space/time sequence, and not a flat 2 dimensional chart.
The daily price charts we look at every day measures two things, i.e., price and time. But most everyone looks at price only. No attention, if any, is ever given to time, while I found that the function of time is equally as important as price itself and should never be ignored or dismissed so quickly.
Time is always measured in distance. For example, 20 feet per second, 50 miles per hour, and so on. We even use light years to measure vast distances in deep outer space. So, when we look at a price chart, we measure time in price and not in feet or miles, since price and distance are the same.
Since time/space is curvilinear, then as we extend a line forward in time on the daily price chart, the line itself will eventually curve back and return to the original point. At the maximum apex of that returning curve before it actually begin its journey backward, is when a market trend is scheduled to end. This can be measured exactly with a calendar so one can know in advance exactly on what future calendar date the current market trend is most likely to end. While this may sound incredible and unbelievable, the Main Model does in fact provide that information, and more.
For a more detailed explanation of the feature the Main Model provides, look at the link called MAIN MODEL FEATURES.