What is the W Pattern in Gold Trading?

The W pattern in gold trading is a double bottoms chart setup look like a W Shape, the best reversal signal is where the second bottoms is higher than the first one as shown below, this means that the reversal setup can be confirmed by drawing an up-wards trendline as shown below. If one opens a buy trade signal the stop loss order will be placed just below this up-wards trendline.

What is the W Chart Setup? - What is the W Chart Pattern?