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.
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: 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: Height : 17 pts Failure : at 1683 3rd top: 1700
...and one with perfect symmetry, still in progress: Height is about 110 points, Failure at 9580, 3rd top 9690...
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) 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...
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: Heigth: 48 pts Failure (should have been) at 1026ish 3rd top: 1074
Posted 30 minutes before the Fed announcement in the ES Journal: This is what became of it: 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...