Ok, this day is the 13th of Nov 2025, and I am looking at the Dow Jones market. The 3-day trend is up, and the 50% balance point is bullish. So, the medium-term trend is up. This is our starting point for the day…
Going down from the daily to 1 hr and 15 min time frames, we see that the market has formed a bullish rectangle. The 1:1 with the last correction is 396 points down at 48,.038 exactly, where major support lies from the old high.
We are in no man’s land right now. The average true range is at 514 points. The ranges have expanded. Yesterday’s range went up 503 points, then returned to congestion.
Looking at the 3 min chart, if the market exceeds yesterday’s high, I will look for long trades. If it moves below the 1:1 and support levels at 48,038, then I will look for short trades.
The market has opened on a gap down right at the ABCD, exceeding it but closing up. The market has hit support, reversed and made a small ABCD, saying it might want to go down. I won’t take a short here because it is quite a weak signal. Now it has penetrated the day low. It’s 15:21, and the market can’t break through; it is in a trading range right now
The market has made a perfect 382% in resistance. That is a sell signal, but I did not see it at the time. And now it has reached the 1:1, exceeding it slightly
It’s 15:57, and I have missed a good trade. The market has closed the gap from yesterday
The market moved down violently, and I have sold the first major retracement. The first one rarely holds. Then it overbalanced the first correction, which would mean the trend might be in trouble. But it made an ABCD balanced correction. So that gave me trust to sell the double bottom and move the stop on the first position at breakeven. Now at the big 382%, I have moved both stops 3 points above the bar that touched the 382%
I have moved my stops after the 382% on the high of each bar that closed below the previous bar. There were two bars, and after a tight trading range, I was taken out of the market. I have made 175p + 92p= 267 points. I find it pretty good, it is now 19:30, and I will stop for today. I am still upset because I have missed the first trade.
The market succeeded in reaching the 50%, coupled with major support and closed on that level. Great trend day! The market fell 843 points. It still did not turn the 3-day trend down, but if the 50% fails, the market is in a weak position
