Wednesday, December 1, 2010

123 Pattern for profit




123 short entry
This pattern occurs at the end of a trend, they are an indication of change in the trend.
Point 1: Price will make a swing high.
Point 2: Downward correction to a swing low, where an upward correction begins.
Point 3: Price would then form another swing high, which is lower than the previous high
123 long entry
Point 1: Price will make a swing low.
Point 2: Downwards correction to a swing high, where a downward correction begins.
Point 3: Price would then form another swing low, which is higher than the previous low

Europe's threat to UK economic recovery