I think a lot of people are going to be surprised by just how bad the bear market can get.
There were lots of bottom calls in November last year, and they're starting to spring up again. The further the price declines, the more convincing they will be.
The Chandelier Phases are in the early development of the bear market phase (phase 3). Phase 4 (Bear Market End) marks the cycle bottom with a precise touch of the cycle bottom/retest zone.
The big lessons I've learned from watching bear markets and making great buys are:
1. Don't be too eager to jump in; let the process play out
2. The right time to buy feels like the wrong time