TintinTrading

⛳️ POLE TRAGET FOR THE NASDAQ

Long
NASDAQ:IXIC   Nasdaq Composite Index
Market Phases and Historical Comparisons:
  • 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.

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