1-2-3 Reversal Pattern: What it is, and How to Use it

Joe Rabil explains the 1-2-3 reversal pattern, it's criteria, and what it will take for QQQ to complete the pattern. He also discusses how the pattern is not always as clean as we would like. He shares a few Crypto markets which are starting to perk up again. He then covers the IWM, and highlights a few stocks from a specific sector showing recent strength.

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00:00 - Welcome!
01:08 - Trading Lesson: How to Use a 1-2-3 Reversal (QQQ)
09:39 - Invesco QQQ (QQQ), Bitcoin to US Dollar ($BTCUSD), TRON to US Dollar (TRXUSD)
14:45 - Russell 2000 ETF (IWM), Allegheny Technologies (ATI), Eli Lilly & Co (LLY)
20:56 - Brixmor Property Group (BRX), Empire State Realty Trust (ESRT), Simon Property Group (SPG)

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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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ℹ️ ABOUT STOCKCHARTS TV
StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.

[StockChartsTV]

👀 See what better financial charting can do for you!
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[michaelwhitehead]

Gotta say this. Bought the book, it's taken me about 6 months to get serious and make time to push thru it. Your examples are excellent, and numerous, and relevant. Outstanding price for a book with so much content that seems simple, until I started writing my personal trading strategy following your lead, and scans. Next is implementation. I'll come back and let you know . Let me know if you would like to share a scan, Mr. Joe Rabil. :.) Mike

[titogarcia]

Really important concepts being discussed here. You da man, Joe!

[jasonclement]

I like how you talked through ATI. I'm using CBRE as my realestate steed. Already got targets on it using your system.