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Saeed.base.eth ๐ต ๐ฉ
@sezar
๐ M and W Patterns in Technical Analysis . If you work with charts, youโve 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. ๐ป The M pattern usually forms at the end of an uptrend and signals a potential move downward. ๐บ The W pattern, on the other hand, appears at the end of a downtrend and often suggests a bullish reversal. . ๐ก In this image, we see 3 types of each pattern: Simple Short Formed Extended The ideal entry points are also highlighted. . ๐ Which of these patterns do you use more often? Share your thoughts below ๐
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SaLi
@ireth.eth
Great breakdown of M and W patterns โ so useful for spotting reversals! ๐๐ I usually watch for the extended W pattern before jumping in. Whatโs your favorite pattern to trade with? ๐๐
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Saeed.base.eth ๐ต ๐ฉ
@sezar
Yes, it is very useful, I also use the same method to enter the market.
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