The Dragon pattern is similar to the ‘W’ pattern or the ‘Double Bottom’ pattern with a few different trading rules and 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...
On the graph you can see how one figure goes into another and all goals are fully fulfilled. The figure of the technical analysis "Inverted Dragon " all the description, lines, goals on the graph are yellow. The figure of the technical analysis " Dragon " all the description, lines, goals on the chart are blue. In trading such figures, the most important thing...
“Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the Dragon tells the trader that market sentiment may change soon and the current trend will unfold. The figure is a more modified version of the "Double bottom" or "W" shape, while it signals the change of the bear market to the bull market. But there...