The Traderszone Network

Published in TZ Latest News 17 March, 2017 by The TZ Newswire Staff

Dragon pattern

By popular demand I explain in this thread the dragon pattern with examples. If you still have questions (although you shouldn’t :) ) just ask.

Q: What is the dragon pattern?
A: It is a failed double bottom pattern, where a failure occurs around the half of the W’s height after the 2nd bottom and falls lower making a 3rd bottom, where it bounces.

Q: Why is it called a dragon?

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