As the chart illustrates, since the median line pierce at 1200 (green dotted line), the Dragon has been in flight and has NEVER pierced the Dragons head. I am currently in cash, as profits on the way up were substantial and met my trade plan. IF a long position is to be attempted, I will wait for a pullback and hold of the Dragons head (Dotted yellow line) as support. There is no limit to how high this can go, so trade the plan and pull the trigger! Good trading.
As the chart illustrates, since the median line pierce at 1200 (green dotted line), the Dragon has been in flight and has NEVER pierced the Dragons head. I am currently in cash, as profits on the way up were substantial and met my trade plan. IF a long position is to be attempted, I will wait for a pullback and hold of the Dragons head (Dotted yellow line) as support. There is no limit to how high this can go, so trade the plan and pull the trigger! Good trading.