1-2-3 Pattern Examples

This post is follow-up to a pattern I posted awhile back. The link to the original post is http://www.tonihansen.com/blog/2007/06/1-2-3-continuation-pattern.html

these patterns are observed on KMGB from 6/4 thru 7/6: upward patterns occured 4 times, downward 3 times within this time frame.For the recent downward(short) starting on 7/2, support line is drawn at 24.50. If, on 7/9, KMGB breadowns the next support is 23.00 then 22.00 - Alex

Hey Alex,

KMGB has a lot of nice examples of this setup... I printed up the best one and have posted a chart of it below... It is text-book perfect! Thanks for the heads-up!