Dragon pattern and bottom formation

privatecapital · Nov 4, 2015

Dragon Pattern
Double Top and Double Bottom patterns are part of classic technical analysis. Double Top/Bottom patterns are very common and form in all timeframes and in all instruments. These patterns form when prices fail to make new highs/new lows at significant previous levels. Double Top and Bottom patterns are relatively reliable and easy to trade. There are many variations of Double Top and Double Bottom Patterns. Classic ‘M’, ‘W’ patterns, 2Bs, Adam-Eve and Dragon Patterns are part of DT/DB Patterns

examples PRVT

privatecapital · Nov 4, 2015

We traders and investors choose to be in this risky business.

Nobody forced you or anyone to trade or invest or be here.

TheNotSoGreatGatsby · Nov 4, 2015

Sounds like an autistic person looked at double-bottoms and thought way too hard about it.

privatecapital · Nov 4, 2015

privatecapital said:
We traders and investors choose to be in this risky business.

Nobody forced you or anyone to trade or invest or be here.

privatecapital · Nov 4, 2015

It could be flying DRAGON or DUD,, that is the risk.

NoVoodooHere · Nov 4, 2015

I am certain this is as good as Fibonacci whatever's

You should code it to display a flame throwing graphic when the 3rd target is hit

privatecapital · Nov 4, 2015

"Enter The Dragon"

....probably the greatest movie ever made I.M.O in that genre.

NoVoodooHere · Nov 4, 2015

privatecapital said:
"Enter The Dragon"

....probably the greatest movie ever made I.M.O in that genre.

Who goes there(?)

You had me going for a few minutes there, I got all excited, practically fell out of my chair. Good stuff!

NoVoodooHere · Nov 4, 2015

Can this be used with the super-lucky triple-red indicator?

fourtiwinks · Nov 5, 2015

@privatecapital,

A few questions about this Dragon pattern of yours, based on post #1:

1. Can the Head be lower than the Tail?

2. Is the pattern still legit if the Front leg is below the Rear leg?

3. How do you define Gap Close and Open Price?

Cheers and hope to hear from you soon.

@NoVoodooHere, I like your sense of humour in post #11.

However, I also like privatecapital's way of redefining DB/DT formations.. hence my questions above. Sure hope OP isn't pulling my leg..