Dow_Jones_Maestro

Dow_Jones_Maestro

November is showing to be a full-bodied bull candle and at all-time highs. The 30-year bull trend is now in acceleration phase and is on track to 159,000 by year end 2042. This week's bull candle signifies a continuation of the trend as the Election rally candle broke out of the high, the following week rested and then this week's candle continued. This would...

Dow_Jones_Maestro Updated 

I am going to walk you through my thought process of what I think is the most likely weekly candle this week. I think this week's candle will be of a bullish nature. I believe Monday and Tuesday will be the low of the week, AKA the weekly wick before the expansions Wednesday, Thursday and Friday. Last week's candle was a pause/resting pullback week after the...

Dow_Jones_Maestro Updated 

I am placing an order for 43,260 for the pullback of the bull 180 bar for the reversal back up into those stacked highs for 1000 ticks. I will be placing my stop under the bull 180's wick and under the 0.66 retracement. Around 175-200 ticks. The stacked highs of liquidity lines up with 2x range expansions of the bull 180. Two important take aways with this...

Dow_Jones_Maestro Updated 

In following the Bull trend, I am looking for a slowing down of momentum into my support level for another little pop up. Monday and Tuesday were counter trend moves in the consolidation and the retracement. This week's template is looking like a standard market maker template based on how Monday and Tuesday traded. Expect Wednesday or Thursday to be the...

Dow_Jones_Maestro Updated 

I am looking for the second leg of the M with a doji to make a second poke at the highs before it sells back down to 44,340. After which it will grind higher back up to the highs but not break them. There are two trade opportunities I can see today. The sell off the exhaustion high and the Long back up off support. Both 3 to 1s. The first 15 minute bar of the...

Dow_Jones_Maestro

Don't get FOMO based on the election rally as that is what it was intended to do. All of 2024 has been building ramped volume for a stop hunt back to 39,000. Real support is at 38,000-39,000. I don't know how long it will take to get back down there as the market is still in the up phase and the top hasn't formed yet. A major clue for me is that the...

Dow_Jones_Maestro

I can clearly see the support and resistance levels are formed STRICTLY based on the 8 hour chart and the FOMC releases. Just the September FOMC release alone accounted for the support and resistance levels for up to 3 months. Every 1/2 range expansion of the FOMC high/low represents a nice level to trade off of. These levels were planned out ahead of time....

Dow_Jones_Maestro

I have come to the conclusion that every month, there are 5-8 easy, clean, parabolic movements that offer extreme risk to reward with very little drawdown and they don't come back. If I can only trade just these trades and forego the rest. Why trade anything else? And of course, the grand daddy of them all. If I can only just make ONE trade for the...

Dow_Jones_Maestro

Higher time frame bias is bearish retracement back down into 41,300 July FOMC level. Downtrend, so looking for a lower high into resistance levels for trend continuations. Right now the September FOMC High is being used as a potential resistance level. Limit order at 42,518 Stop at 42,633 Target 41,383

Dow_Jones_Maestro

What I see is that the market is still in a bearish correction phase. I was wrong about it trying to bounce off of the September FOMC High. November 1st is Non Farm Payrolls November 5th is Election Day November 7th is FOMC. This is the most important day of the month. November 13th is CPI November 28th is Thanksgiving I am really curious as to where price...

Dow_Jones_Maestro

This post will be an update to my prior post regarding bullish price action back up to take out pivot highs. Monday and Tuesday has been using the FOMC High price, notated in green line as a solid support level. The last twenty minutes of the day saw a spike off of it into the close. Using Monday as the opening range and Tuesday as the initial balance, I...

Dow_Jones_Maestro Updated 

I will be looking for a Long entry with a limit order at the price of 42,420 which is the High price of the September FOMC. I will use a 50 tick stop and target the resistance level of 42,975. I believe this week will be bullish as the down move from earlier was counter trend. I closed my short position on Friday with the expectation that price will bounce off...

Dow_Jones_Maestro

Using the high to low prices of the September FOMC, and the range expansion tool to project measured moves, prices have been forming support and resistance levels based on the ONE 8 Hour candle of when that FOMC release was at 2pm on September 18th. High: 42,415 Low: 41,855 33%: 42,230 50%: 42,135 The range expansions are of 0.5 increments. I have...

Dow_Jones_Maestro Updated 

A counter trend sell setup has just triggered for me and I entered in 15 minutes before Friday's close and got filled at 43,544. If you want to take this same setup, you can enter in on Sunday's open at whatever price you may get filled at. The reasoning behind this trade? Daily Timeframe Entry 1. A breakout of the 42,000 support area marked as Structural...

Dow_Jones_Maestro

The September FOMC 8 Hour candle and its 7 different price levels is what determines the support levels. I made an indepth post about ALL FOMC's and how they relate to support and resistances. The 7 prices of this candle are as follows: 1. The high of the candle The high of the candle is being used as a mean reversion and price is trading back and forth around...

Dow_Jones_Maestro

I have noticed that price action has been revolving around each FOMC. The Blue circles are each FOMC Wednesday's The Purple Lines indicate the opening price of that 8 Hour Candle Each FOMC is connected to each other in price. The 8 hour candle on the FOMC is used with all 4 prices: The open The high The low The close Starting with December 2023: It opened...

Dow_Jones_Maestro Updated 

I am anticipating a bounce off of support from the 42,000 area before completing the one full range expansion to 43,725 price level. The last 10 days or so, price has been revolving around the HIGH of FOMC of 42,400 It has found support around the mid point of the Thursday the 19th's 8 hour candle and the high of Tuesday the 17th's high. Between 42,250-42,300...

Dow_Jones_Maestro Updated 

Wait for a pullback into the blue and purple lines and a stop run for the measured move down to the dashed black line for a 220 point trade short.