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30 TBOHDS 9888 8B85 long 8416 8 B02? 7980 7706 7511 7316 7122 Figure 16 The 1-2-3 low causes me to go long 1 tick above #2, but with great caution because of the magnitude of the move that day. My initial stop is one tick below #3. The #3 point is created by the fact that prices moved lower than they were the previous day. Clearly formed 1-2-3 patterns do not necessarily perform better, but are much easier to spot, and leave less doubt as to what they are. I anticipate a reaction to the breakout of the #2 point. Often a market will retest this point before continuing higher. On the daily chart, I prefer to see at least four bars making up the formation from 1-3.
8885  iw stops here initially Figure 17 This leg gives me another 1-2-3 low and causes me to be long 1 tick above the #2 point with two stops now 1 tick below the #3 point.
IBOHBS 8805 6610 8416 8221 B027   tuo stops here Figure 18 The large magnitude of the fill day, coupled with a lower close the next day causes me to move my stop up tight against the low, and Im stopped out of both trades the following day on a large move down,
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