Chartists models 1-2-3 pattern indicates the reversal of current trend and are major market pattern.
The pattern often forms at the end of a strong trend with high probability of market reversal.
The 1-2-3 pattern MTF indicator v3.1 can be applied to any time frame or different unit of time the current time frame.
Using multiple time frame (time unit UT) to identify the general trend of short-term market and the long term and help to anticipate the entry points and exit the trade with a global vision of the market.
If the signals correspond to the different time frame, the trading signal is stronger and more reliable.
If the corresponding signals on different time frame, the trading signal is reinforced
Time Frame
M1 - 1 Minute
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 Hours
D1 - Daily
W1 - Weekly
MN1 - monthly
Included
1-2-3 Pattern MTF v3.1.ex4
Broker - Broker Online : Metatrader MT4 platform
Interpretation Signals And rules of Trading
indicator 1-2-3 Pattern MTF v3.1 trace on the graph in Figure 1- 2-3 bullish or bearish pattern and corresponding levels of Fibonacci.
Fibonacci levels define input levels, exit and stop loss orders.
Open a position when the price breaks the level of Fibonacci 100%
Read more about the rules and trading signals:
Exchange Trading - show123v2
Exchange Trading - Fibonacci
Chart Exchange - Trading Analysis
Trade Example
Exchange
Forex Currency Trading
symbol - swap on the EUR / USD
Time frame: Daily D1 - Daily
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