Learn The Effective 123 Pattern Reversal Trading Strategy

123 Pattern Reversal Trading Strategy

The 123 pattern reversal trading strategy begins by identifying three main points. For example, in an uptrend, when the market hits a new high, label that point as 1. We then wait for the price to pull back to a short-term support area. This point is labelled as 2. Finally, when the price moves up to an area between points 2 and 3, we label this as point number 3.

When price comes back down we trade a put option as it goes past level 2.

Read: Ultimate Guide To Trading Synthetic Indices

Choose the expiry equal to the time frame in which you spot the reversal.

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See more binary options strategies here.

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