Here is your video update for Thursday, March the 24th. The dragon pattern is a favorite trading pattern of Trader Rick. Today the ES formed a dragon pattern and reached full target by the end of the trading day. Using an overnight globex 5 min chart, Trader Rick illustrates the requirements for a dragon pattern and where to enter and exit. Note that the feet of the dragon formed at the 1.27 fib extension for the globex session.
This pattern requires patience for the confirmed formation but can yield a nice profit with controlled risk.
Good trading!
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