"Good judgement is usually the result of experience and experience frequently is the result of bad judgement. -Robert Lovell "

  How to trade your Dragon     12/07/2016 8.45am

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How to trade your Dragon (Jan. 2017)

The bullish Dragon pattern is similar to the ‘W-Bottom’ pattern. Inverse Dragon patterns (Bearish) are similar to ‘M’ patterns. Bullish Dragon patterns usually form at market bottoms and Bearish Dragon patterns form at the market tops. Dragon patterns work in all time frames and all market instruments.
Like most ‘Double Bottom’ patterns, Dragon patterns present excellent trading opportunities with great risk to reward ratios. The Dragon pattern starts with a ‘Head’ formation as price declines from the swing high level to a swing low to form the first leg of the Dragon.

Please continue to read at Modern Trader Magazine (Jan. 2017)



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