In science asking the proper question is often the key to finding a solution. However, asking the proper question must be usually done in the right context.
What is the right context to ask questions about the stock market and specifically about the status of a correction? Many experienced traders think it is price action only. However, this particular context requires suitable indicators. Below is what we think is the proper question to ask and a suitable indicator to use.
Disclaimer: No part of the analysis in this blog constitutes a trade recommendation. The past performance of any trading system or methodology is not necessarily indicative of future results. Read the full disclaimer here.
Charting program: Amibroker
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