Sunday, February 12, 2012

Double Trouble...

While it may seem silly to be painting dragons on charts…the reality is that the pattern shows a lot of support and resistance patterns and strong breakouts potentials…the patterns, in the case of, the cup and handle and dragon patterns are iterative and double.

In the case of dragon patterns they are made up of waves A, B, C, D, E, F and G - 7 waves and are very strong structures.
© 2009 m3, ltd. All rights reserved.