gbpusd,Dragon pattern............... buy breakout of trendline

Anatomy of a Dragon Pattern
A. Head of the Dragon
B. Formation of first leg
C. Hump (must be 0.38 to 0.5 of AB)
D. Second leg (can be 0.618 to 1.27 of
AB)
E. Trend line breakout (Long Trigger)
F. First target at 1.27 of CD
G. Second target at 0.886 to 1.0 of AB
H. Third target at 1.38 of AB
I. STOP: Place a stop few ticks below
the lowest low of two legs

Kommentar:

pattern no longer valid ...its has breached the lows