praveen.bhatiya

Learning 1-2-3 Reversal Setup

Education
NSE:ICICIBANK   ICICI BANK
Victor Sperandeo has created a beautiful Trend Reversal method known as 1-2-3 Reversal Setup. It is a reliable reversal setup and it occurs very often in all time frames. Drawing 1-2-3 is very simple as explained below
Draw a trendline from the highest high Point A to the lowest low (B) on the chart such that price does not cross the trendline until after the lowest low.
Find where price closes above the down-sloping trendline. This is shown in the chart as point 1.
Price tests a recent low. The recent low is at point B and the test is at point 2.
Price closes above a recent high(C) thus completes the 1-2-3 trend change method.
Those interested to learn can try the above setup and post their charts in comments.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter