The chart outlines two main type of moves, labeled "Dips" and "Legs" suggesting a comparison between a past post bear market period and the current market situation.
There are colored boxes representing different market movements: declines (in red) and upward movements (in green), referred to as "Legs" and "Dips."
Historical Bear Market Decline Data:
The table is shows historical bear market declines from 1901 to the present, indicating the index (Dow or Nasdaq), the percentage of the decline, and corresponding recovery phases.
The average decline is noted as 38% for the Nasdaq during bear markets.
The average 1st Leg is 63% (current 43%)
The agerage 1st Dip is -15% (current -13%) 👉 Next potential target for Leg 2 is 29% or 16212, about the old ATH 👉 Rebounding dip afterward is expected to be around -17%
These are just historical precedents and guardrails to help us navigage the marekts.
What’s your best indicator for trading 0dte? And what’s is your favorite indicator from simpler trader or the John Carter crew?
TintinTrading
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@osutai, well for 0dte, is TH Buy Arrows (which is basically an unpublished version of the Big3 Signals, which is better imo). Can check them on my website. Favorite from Simpelr is probably the Vscore or RAF Pro...but I have made myself pretty much most of them. What is your favorite for both 0dte or Simpler? Any particular Simpler indicator you are checking out?