Understanding the 5 Minute 1-2-3 Continuation Buy Setup Alert

The 1-2-3 Continuation Buy Setup alerts are intricately tied to the 1-2-3 continuation buy signals, offering a nuanced perspective on stock price movements. Rather than waiting for the exact buy signal, we provide alerts when the stock price is in proximity to forming the 1-2-3 pattern.

Stocks exhibit varying degrees of volatility, and these setup alerts acknowledge that by detecting potential setups before the formal signal. In some instances, you may identify a setup long before the signal, while other times no signal may materialize. On occasions, the setup may align closely with the buy signal timing.

It's crucial to note that following the entry signal, stock prices can experience rapid movements. If you have confidence in the existing formula, the buy signal alerts are your direct route to immediate notification when a stock aligns with the 1-2-3 formula. However, for those who prefer a more comprehensive analysis by inspecting charts for additional criteria, the setup alerts provide advance notice. Upon receiving a setup alert, promptly bring up the chart to assess the evolving conditions before making informed trading decisions.

Default Settings

By default, this alert will be triggered when the stock price is in proximity to forming the 1-2-3 continuation buy pattern on a 5 minute candlestick chart. To align with each alert, it's essential to utilize the corresponding time frame on the chart. For instance, this alert is visualized on the 5-minute candlestick chart.

Description Column

The description column of this scan will display "1-2-3 continuation buy setup", providing you with a clear indication of the specific alert that has been triggered. The description also provides specific guidance on the optimal entry point for the trade and the recommended stop-loss level.