Yes, we are in a drawdown. Drawdowns have happened before, and they will happen again - I can guarantee that. Be patient. I would like to remind everyone that the AlgoLabHouse account (shown above) has been through quite a few drawdowns since 2016, and has never paused trading, or reduced risk. Of course, many of you do pause or reduce risk during the drawdowns and have avoided some of the losses.
It does appear that the extent of this drawdown is similar to what has occurred in the past. That does not guarantee that we are nearing the end of this drawdown, but that is possible.