With reference to the terms "Bear market and Bull market", recently seen in news, which of the following is correct?

1
A bear market refers to the market where share prices are continuously declining whereas, A bull market refers to a market that experiences a sustained increase in market share prices.
2
A Bull market refers to the market where share prices are continuously declining whereas, ​A bear market refers to a market that experiences a sustained increase in market share prices.
3
A bear market refers to the market where share prices are continuously increasing whereas, ​A bull market refers to a market that experiences a sustained decrease in market share prices.
4
A bear market refers to the market where share prices are constant whereas, ​A bull market refers to a market that experiences a sustained increase in market share prices.

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