Tarea técnica
Here it is
Trading System for Dragon Pattern - Entry, Stop-loss, and Target Rules
* Pattern Identification:
* Draw a Dragon pattern on the price chart.
* The Dragon pattern consists of two symmetrical triangles converging into a wedge shape.
* The pattern typically occurs during a trend reversal.
Draw the dragon pattern as per the fib ratio which is mentioned in the screenshot.
Trading Dragon Pattern
* Head Formation of "first leg." Hump (must be 0.38 to 0.5 of AB).
* "Second leg" (can be 0.61 8 to 1.27 of AB).
* Trend line "breakout" (Long Trigger).
Alert the pattern formed with time and coordinates, target and stop loss.
Draw the entry, stop loss and target lines as shown in image.
* Bullish Entry Rules:
* Enter a long position when the price breaks above the upper trendline of the Dragon pattern.
* And wait, that supertrend is Green.
* Bearish Entry Rules:
* Enter a short position when the price breaks below the lower trendline of the Dragon pattern.
* And wait, that supertrend is Red.
* Stop-loss Rules:
* For a bullish trade:
* Place the stop-loss order below the lower leg of the Dragon pattern.
* For a bearish trade:
* Place the stop-loss order above the upper leg of the Dragon pattern.
* Target Rules:
* Set the target level based on Fibonacci retracement levels as an input.
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