Description
Silas Peters’ 3S Code for MetaStock
3S Code for MetaStock looks for 123 Top and Bottom patterns (sometimes known as A-B-C Tops or A-B-C Bottoms). These patterns and their entry signals depend entirely on price action, so they do not suffer from the lag affecting most indicators.
The patterns represent diminishing price momentum, possibly indicating a change in trend. They typically occur at the end of trends or swings but can also appear within a trading range.