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123 pattern

 
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timothymason3

123 pattern

Some people may known it to be A B C Top

Anticipates a change in trend from up to down on a break below a number 2 or B

Anticipates a change in trend from down to up break above the number 2 or B point 

Actually the more candle it takes to complete the pattern the larger the move

Confirmation of entry is on a break or close above or below the number 2 point

Exit strategy #1 is the distance between the 1 or A and 2 or bponts 

Exit strategy number 2 is the 50% retracement 

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Bullish 123.PNG6.54 KB
Bearish 123.PNG7.56 KB
Wed, 02/27/2019 - 12:02am