Dragon pattern

How do you put the pic in the post?

Also, would you give this pattern less weight since it involves AH action? Have you noticed a significant difference between RTH based and AH based dragons?
 
Just noticed double dragons. The failure of the first is the midpoint of the second. Both point to a reversal/bounce at 984-984.75.

Will be nice if tomorrow presents a top / short opportunity at 996ish.
 

Attachments

Quote from vmaxer:

Just noticed double dragons. The failure of the first is the midpoint of the second. Both point to a reversal/bounce at 984-984.75.

Will be nice if tomorrow presents a top / short opportunity at 996ish.
More...

Apparently a dragon using AH numbers hits the target in the AH. Big reversal today from 985.75 (1-1.75 pts shy of the target) and went 25.5 pts (height of the big dragon basically).
 
Long time, no see:

4r3r76.png


Let's see how much we drop from here, perfect runup to 1037.

Height 6 pts, Failure at 1031
 
Not very symmetric, but the numbers are perfect. NDX 4 days/15 mins chart:

2f07rl4.png


Height : 17 pts

Failure : at 1683

3rd top: 1700
 
Quote from Pekelo:

Height is about 110 points, Failure at 9580, 3rd top 9690...
More...

It was hard to do the counting, actually the Height was a bit more than 110 pts, and sure enough we had a top at 9696, followed by a 25 pts drop. After that fullfilling my prediction of 1056 SPX we went one higher:
(SPX 4 days/15 mins chart, not as symmetric as the DJX)

15o9s0m.png


Height was 13 pts. Failure at 1043 so I posted in the ES Journal a prediction of 1056. Sure enough, that was the HOD....

Special note: Today I posted 3 charts of the 3 indeces. The last 2 are similar, the same timeframe, only the SPX had its first 2 tops at different levels. The first NDX chart happened earlier peaking at the open, the 3rd top is the same as the 2nd top of the last 2 charts...
 
Quote from Mvic:

Nice work P!
More...

Thanks, I do it for the applause! :)

Here is an interesting one, I should call it The imperfect dragon, meaning some part of the pattern didn't go as in the classic case. The Failure should have happened closer to the SMA line where I bounced the line. Why it didn't go down that much? I don't know, maybe the dollar was too weak or a positive news didn't let the market fail. Anyway, except that part everything else worked:

SPX daily, imperfect dragon:

34ya6qg.png


Heigth: 48 pts

Failure (should have been) at 1026ish

3rd top: 1074
 
Posted 30 minutes before the Fed announcement in the ES Journal:

Quote from Pekelo:

I see a dragon failure (should have been ) at 1066. (happened actually 2 pts higher) Since the Height is 17 pts. it says 1083 as top SPX...

1zv6gls.png
More...

This is what became of it:

hwwzr8.png


It should have rallied about 2 pts higher to make it perfect, but hey....

I think this dragon ended our 6 months uptrend and we will be going down for a while...
 
You must log in or register to reply here.
Back
Top