121 pattern internal structure in Elliott Wave theory

We believe that when we talk about 121 pattern (in context of the Elliott Wave Theory) we talk about flat correction.

Based on this theory we should look for the following internal 121 pattern structures (1 case only, comparing to 4 cases for the Gartley pattern):

To read more about flat corrections, 121 internal structure and more ... check our TradingArsenal knowledge base on the 121 pattern -> trading 121 pattern - Table of Content  

Reversal versus Continuation 121 pattern

Here lets present several examples of Reversal versus continuation 121 pattern.

First check the diagram:

Check our TradingArsenal knowledge base on the 121 pattern -> trading 121 pattern - Table of Content

Question: What do you think, which one offers better risk reward ration and success ratio? Which one is easier to trade?
 

you trade on Forex? Learn about the 121 pattern !

... you want to learn about this most attractive price and geometry trading pattern.
Check our TradingArsenal knowledge base on 121 pattern -> trading 121 pattern - Table of Content

 Simple 121 pattern version:

Enhanced 121 pattern version:

Note: Enhanced version of the 121 pattern introduces additionally the Fibonacci ratios.

TradingArsenal Forum update email - 121 pattern

Dear Users,

If you follow us on Facebook-> http://www.facebook.com/TradingArsenal or twitter-> https://twitter.com/TradingArsenal you were notified yesterday.

For everyone else…
We are happy to announce that the NEW section dedicated to the 121 geometric trading pattern is now available.
Discover the nature of this strong pattern, learn its relation to Elliott Wave Theory, its internal structure and confirmation methods aided by plenty of clear examples. It's all available here: http://tradingarsenal.com/121-pattern/386-121-table-content.html

See you there!


Kind regards,
Trading Arsenal Team
www.TradingArsenal.com


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All about the 121 pattern trading

Many emails and questions about the 121 pattern ... so we decided to collect and process some info, and publish new TradingArsenal Forum THREAD regarding the 121 pattern.

Related Posts:


All about the 121 pattern trading
Geometric 121 pattern - location is the key
121 pattern (running correction) proceeds the impulse
121 pattern confirmed by the daily pivot point
classic running correction - 121 pattern
harmonic trading 121 pattern bearish
harmonic trading forex 121 bullish pattern GBPCHF M30
121 bearish GBPJPY M30