MONTHLY WEBINAR - The 1-2-3 chart pattern

Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager

Summary:
A chart pattern is a distinct formation on a chart that creates a trading signal, or a sign of future price movements. Chartists use these patterns to identify current trends and trend reversals and to trigger buy and sell signals.

The 123 pattern is a reversal chart pattern which occurs very frequently and has a very high success ratio.

When the 123 pattern occurs at the end of trends and swings, they are an indication of a change in trend. They can also be found within a trading range, and they take place when the directional momentum of a trend is diminishing.

For any trading technique, one must understand its advantages and drawbacks.
Implementing the technique in the live markets is the crucial part and one must have a trading plan defining the precise entry, stop and exit levels.

You can download here the Powerpoint Presentation of that webinar.

PART 2 OF THIS MONTHLY WEBINAR WAS NOT RECORDED

Webinar presented by FibForex123 and FXstreet.com

Comments

[Nadesan]

please give chart pattern timings for intraday