meghal.jani
Long

1-2-3 bottom formation

FX:CHFJPY   Swiss Franc/Japanese Yen
57 1 0
The chart shows that market has put a 1-2-3 bottom formation at the previous structure level. Moreover, monthly price action has caught up with the 20 SMA . Therefore, there is a possibility of a pull back to the previous structure level. Moreover, monthly trend in this pair remains bullish .
Quick question: The 1-2-3 bottom (Ken Roberts' fame) is a bottom "after" the 2-high is violated... so isn't it early to call this a 1-2-3?
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