How to Properly Use 1 2 3 pattern in Intraday trading. Where and When to enter in trade?

1 2 3 Pattern can be seen at both bottom of a chart and top of a chart. It is very common in stock chart. It is the turning point of a price trend or momentum. 
The 1 2 3 pattern forms when the price failed to create a new bottom or top. That means no more downfall is not possible in the particular stock at least for a time.
It is a powerful pattern that is also a confirmed trend changing pattern also because of two reason.
  1. The price failed to go more downside (Or upside) and
  2. Price moved above previous high (or low at top) that means the price momentum change has been confirmed.
We can see number of 1 2 3 pattern in stock chart if we observe. But many of them may not work as we expected. Some 1 2 3 pattern gives good result but some of them only give very small result and some of them may fail.

Most of the 123 pattern will work fine if it created in a key points like Support and Resistance, Trendline Breakout, trendline Pull back ... etc. these are the key areas where the price may have pull back or breakout.

IE. We know that the Support and resistance (Trendline Support and Resistace, Higher High Lower Low Support and resistance...etc) are the important are where the price may retrace or may breakout. If the 1 2 3 pattern formed in these key price area, It is the confirmation of price action what will happen to the price.

1 2 3 Pattern on Horizontal Support and Resistance

For example. if the 1 2 3 pattern formed in a Support area (Horizoantal Support Area), We can ensure that the, there is a high probability of price pull back (or uptrend). 1 2 3 Price action formed at support area is a much reason trend change. Beacause already support area has a tendency to stopping price trend. with that, 123 pattern is double confirmation of pull back or trend change

1 2 3 Pattern on Trendline
In the above chat 1 2 3 pattern formed on uptrend line and price continues it trend to upward

 1 2 3 Pattern on Higher High Lower Low Pattern

Here price is moving upward steadily by forming series of Higher High and Higher Low Pattern. At a moment Price broke it's upward trendline and had a pause in trend. Price not turned to downtrend because Hgiher Low did not broke yet. This higher Low price level act as a key support area trend will not turned to down until it broke. Watch it, Price formed a 1 2 3 pattern in the HL Support area and continues it's upward movement. 
Trade on this chart pattern is risky because, Look at there is a resistance level at Previous Higher High (HH) price may be stopped there. There is a chance of double to formation there.or itself there can also have a 1 2 3 formation at top

Where to enter trade? 
    Enter trade only after price break Number 2 level

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