Dragon takes flight as the pattern indicates. Looking to build a long position with resistance at Downward PF (Red). Stops in place if a Dragons Eye or Pierce of the Surface occurs (Red).. Until further notice, embedded stochastics suggests overbought, yet higher levels until a break.
Short position suggests a retest of 50-53k. Rejection of the current PF at 49k. Always manage risk on both sides of the trade.
Good trading !
"If you know your enemy and know yourself, and you will successful in every battle." -Sun Tzu
Comment
⋅
There it is. Failure of the upward PF revealed a short position, right to the line (for now). Great trading!