1-2-3 Trading Signal by Mark Crisp
It’s a bottom, a correction, a retest that does not go beyond the original bottom, and
then a rebound beyond the correction. Phew…. That was a mouthful. But it is VERY
simple when you look at the chart.
Point 1: This is the bottom.
Point 2: This is the correction
Point 3: This is the retest the DOES NOT GO BEYOND point 1. If it does then all
bets are off. The pattern does not exist. Scratch it off and move on.
Once you have a valid 1-2-3 pattern then place your buy order in at the *breakout of
the number two point on the pattern.
Honestly, it is a VERY SIMPLE pattern that always give lots of opportunity and a
great risk/reward ratio. Once you grasp the fundamental basics and practice you will
see them all over the place.
