Complicated M Chart Pattern showing in my view now to create a Strong W Bullish Pattern coming in weeks or months. (Depends on Volume)
Definition for M and W Chart Double tops and bottoms are important technical analysis patterns used by traders. A double top has an 'M' shape and indicates a bearish reversal in trend. A double bottom has a 'W' shape and is a signal for a bullish price movement.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.