Based on your trading experiences, is profiting from this pattern possible? Will the market head north or south?
The Dragon pattern (D) is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market trend.
The D pattern consists of five elements, namely: a head, two feet, a hump between the feet and a tail. With that, one should be able to draw a trend line from the pattern’s head to the highest point of its hump. It's similar to a double bottom reversal pattern (W pattern). You can take profit and set stop loss at the various point level.
RIPPER : It is in a reversal