"By the time the market 'confirms' what you suspected, it is TOO LATE. By the time the market passes or fails a 'test', it is too late. To be paid, you must act upon your suspicions before they are manifested. - Donald Worden"
The Dragon pattern is similar to the W pattern or the Double Bottom pattern with few
different trading rules and different targets. Inverse Dragon patterns are similar to M
pattern. Dragon patterns usually form at market bottoms. Dragon patterns work in all timeframes
and in all market instruments. Like most Double bottom patterns, Dragon patterns
present excellent trading opportunities with low risk to reward ratios.
THE RISK OF LOSS IN
INVESTING STOCKS, FUTURES, OPTIONS, FOREX OR COMMODITIES CAN BE SUBSTANTIAL.
YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH INVESTMENTS
ARE SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION, YOUR
INVESTMENT EXPERIENCE AND OBJECTIVES, FINANCIAL RESOURCES AND
OTHER RELEVANT CIRCUMSTANCES. PAST PERFORMANCE IS
NOT NECESSARILY INDICATIVE OF FUTURE RESULTS, AND LOSSES ARE ALWAYS
POSSIBLE. THE STRATEGIES OR TRADE SETUPS MENTIONED
HEREIN SHOULD NOT BE CONSTRUED AS CONSERVATIVE STRATEGIES BUT
RATHER SPECULATIVE AND FOR SHORT-TERM TRADING PURPOSES ONLY.
THERE IS EQUAL OR GREATER POTENTIAL FOR LOSS WHILE USING THIS STRATEGY AND TRADE SETUPS.
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