Pattern 1-2-3

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Pattern 1-2-3

Postby Alexander.Gettinger » Tue Dec 07, 2010 4:14 am

1-2-3 pattern - known reversal market pattern.


Down pattern:
After maximum 1 follows minimum 2 and maximum 3 (more low than 1).
Up pattern:
After minimum 1 follows maximum 2 and minimum 3 (more high than 1).

For identification minimums and maximums used advanced fractals (viewtopic.php?f=17&t=724).


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The indicator was revised and updated
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Re: Pattern 1-2-3

Postby dlouisbriggs » Sun Dec 12, 2010 11:34 am

In practical application I have found the use of high/low pricing to be erratic when price shocks occur. I believe the pattern would prove more predictive if the the Regression Line indicator (set at 2 periods) were to be utilized for the identification of the pattern. Would it be possible to get a version of this pattern using the Regression Line pricing instead?
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Re: Pattern 1-2-3

Postby Apprentice » Thu Feb 02, 2017 4:23 pm

Indicator was revised and updated.
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Re: Pattern 1-2-3

Postby ahmedalhosenyy » Tue Aug 29, 2023 1:10 pm

Very nice indicator

Many thanks
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