Dragon Pattern Long

Description

⋅ May 8, 2019 4:24 AM

Potential Dragon Pattern for TSX:ALEF.

Anatomy of a Dragon Pattern
A - Head of the Dragon
B - Formation of the first leg
C - Hump (must be 0.38 to 0.5 of AB)
D - Second leg (can be 0.618 to 1.27 of AB)

Looks like this criterion is met. I have written the potential targets for this.

Dynamic Gann Box helps with this setup as well.