Trading Inverse Dragon Pattern

Trading Inverse Dragon Pattern

Inverse Dragon is an upside down "Dragon" pattern with trading rules similar to "Dragon" rules. The hump area is usually formed at 38% to 50% of the range between the "head" and first "leg." A close below the trend line triggers the first "short" trade. A "close" below the "hump" line confirms the "Dragon" and signals another short trade.

1. Enter a "short" trade below the trend line.

2. Target the "swing low" prior to the first leg.

3. Place a "stop" order above the "high" of the second leg.

Fantastic Futures

Fantastic Futures

Get All The Support And Guidance You Need To Be A Success At Futures Trading!This Book Is One Of The Most Valuable Resources In The World When It Comes To Futures Trading For The Common Guy.

Get My Free Ebook


Post a comment