█ Overview
The 1-2-3 pattern is the most basic and important formation in the market. Almost every great market move has started with this formation. That is why you must use this pattern to detect the next big trend. In fact, every trader has used the 1-2-3 formation to detect a trend change without realizing it.
Our 1-2-3 Pattern (Expo) indicator helps traders quickly identify the 1-2-3 Reversal Pattern automatically. By analyzing the price action data, the indicator shows the pattern in real-time. When the pattern is discovered, the 1-2-3 Pattern (Expo) Indicator notifies you via its built-in alert feature! Catching the upcoming big move can't be that much simpler.
█ How to use
The 1-2-3 pattern is used to spot trend reversals. The pattern indicates that a trend is coming to an end and a new one is forming.
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FAQs
When the pattern is discovered, the 1-2-3 Pattern (Expo) Indicator notifies you via its built-in alert feature! Catching the upcoming big move can't be that much simpler. The 1-2-3 pattern is used to spot trend reversals. The pattern indicates that a trend is coming to an end and a new one is forming.
What is the 1-2-3 pattern indicator? ›
The 1-2-3 pattern is used to identify and find trend reversals. The pattern shows that a significant trend is coming to an end, and a new one has formed.
What is the 123 bullish pattern? ›
The 123 bullish pullback pattern is a method of identifying a pullback trade that occurs over 3 swing moves. It is a 5-column pattern. It is a method to identify when the retracement falls below the bullish breakout level and price again starts moving up.
What is the 1-2-3 strategy? ›
The 123-chart pattern is a three-wave formation, where every move reaches a pivot point. This is where the name of the pattern comes from, the 1-2-3 pivot points. 123 pattern works in both directions. In the first case, a bullish trend turns into a bearish one.
What is the 1-2-3 reversal strategy? ›
The 123 reversal chart pattern is a three-swing price formation that indicates a potential reversal in trend. It is formed by three price swings or waves with three swing points, which is where the name of the pattern comes from.
What is the best combination of indicators for day trading? ›
Seven of the best indicators for day trading are:
- On-balance volume (OBV)
- Accumulation/distribution (A/D) line.
- Average directional index.
- Aroon oscillator.
- Moving average convergence divergence (MACD)
- Relative strength index (RSI)
- Stochastic oscillator.
The 123 setup consists of three pivot points. The confirmation of the 123 reversal pattern lays at Pivot Point 2. The target when trading a 123 formation is at a distance equal to the size of the pattern, applied beyond Pivot Point 2. Your stop loss should go beyond Pivot Point 3.
What is the 1234 pattern in trading? ›
Traders look for this chart pattern on 1-day chart. For a 1-2-3-4 chart pattern to occur there must be at least 3 subsequent lower lows in parallel with at least 3 subsequent lower highs. A position is bought when the market price trades above the high of the last candlestick in the pattern.
What is the 123 breakout strategy? ›
123 Bullish Scenario
Point 2 indicates entering the bullish trend, and is the second highest point in the chart. Point 3 indicates pullback, but it is higher than point 1. After touching point 3 if price starts moving upwards, then breakout of price at point 2 indicates strong buy.
What is the 1 3 2 strategy? ›
The 1-3-2 structure supposedly appears as a tree. The strategy profits from a small increase in the price of the underlying asset and maxes when the underlying closes at the middle option strike price at options expiration. Maximum profit equals middle strike minus lower strike minus the premium.
The 3-2-1 exit slip strategy is a method of summarizing one's learning with a basic format in which: Students write three things they learned in today's lesson. Next, students write two things they liked or two interesting facts about the lesson. Finally, students write one question they still have about the lesson.
What is simple 123 strategy? ›
Simple 1-2-3 (or S123) is a 3-step, rule-based Forex trading strategy created by Lennox Chambers and Peter Bain. S123 helps Forex traders to locate, enter and exit trades across all timeframes. This unique trading system offers guidance to traders to not only know where to enter trades, but where to exit trades.
What is the bullish reversal pattern? ›
What Is a Bullish Reversal Candlestick Pattern? A bullish reversal candlestick pattern signals a potential change from a downtrend to an uptrend. It's a hint that the market's sentiment might be shifting from selling to buying.
What is the risky reversal trading strategy? ›
The most basic risk reversal strategy consists of selling (or writing) a put option that is out-of-the-money (OTM) and simultaneously buying an OTM call. This is a combination of a short put position and a long call position.
What is the pattern for 1234 trading? ›
A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules.
What is an indicator name 3 indicator? ›
An indicator is used to differentiate between an acidic substance and a basic substance. There is a range of different indicators. Among all, the common indicators are as follows; litmus, china rose, turmeric and phenolphthalein.
What is the pattern recognition indicator? ›
The candlestick pattern recognition indicator tests for any of 41 candlestick patterns of interest. When adding the indicator to a chart, choose as many patterns as you like from the list of available patterns. Other parameters include three values used by the indicator to perform the pattern matching.
What is the T3 trend indicator? ›
The T3 Moving Average developed by Tim Tillson is a relatively new indicator that combines the best of what an EMA and a TEMA have to offer. T3 is designed to provide a smoother, more accurate reading of trends in the market.
