1-2-3 – The Foundation of Potential Change in Trend

If there is only one chart pattern you are allowed to learn, 1-2-3 is the one.

1-2-3 is often a reversal pattern that marks the termination of a trend. The pattern is made up of 3 swings where the first and third swings are pointing to the opposite direction of the current trend. Once the third leg has exceeded the first one the setup is triggered in the direction they are pointing to. If the 1-2-3 setup happens at important support/resistance price level, it often signals a major reversal, or at least a more significant pullback in the making.

Part of our premium service, login now or upgrade your membership to view this report

As a paid member, you also get our daily market updates:

Premium membership access. Extremely low monthly membership dues. Cancel anytime.

Brokerage Deals for Premium Membership

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.