Mastering the Bullish 123 Pullback: A Comprehensive Guide to Trend Reversal Strategies
The Bullish 123 Pullback pattern signals a potential upward trend reversal. It begins with a price decline (1), followed by a minor rally (2) and a subsequent dip (3) that remains above the initial low. Traders look for confirmation on a breakout above the resistance level after point 3 for a buying opportunity.