OGT Owl Group Trading by Dr. Ken Long
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RLCO Sniper Patterns

Collapsing Dragon (CD)

Dr. Long's favorite bearish continuation.

BiasBearish continuation
TimeframeMulti-day

The relief rally fails. Price drops below the previous RL10 swing low, breaches the belly of the Dragon, and panic selling ignites as trapped buyers hit their stops. The pattern that pays you for being patient through the bounce.

Go deeper on Collapsing Dragon (CD) with annotated chart examples, decision rules, and failure modes.
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Other RLCO Sniper Patterns