Trading

📊 M and W Patterns in Technical Analysis
.
If you work with charts, you’ve probably come across classic patterns. This image gives a simple and useful look at M and W reversal patterns, which are among the most well-known indicators of trend reversals in the markets.
🔻 The M pattern usually forms at the end of an uptrend and signals a potential move downward.
🔺 The W pattern, on the other hand, appears at the end of a downtrend and often suggests a bullish reversal.
.
💡 In this image, we see 3 types of each pattern:
Simple
Short Formed
Extended
The ideal entry points are also highlighted.
.
📈 Which of these patterns do you use more often? Share your thoughts below 👇

Be the change you want to see in the world .....

I have profited from this analysis several times and it works out right most of the time.