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






please give chart pattern timings for intraday
Posted by: Nadesan | 02/14/2009 at 10:27