Trade Gold Trading

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 like shown below, this means the reversal setup can be confirmed by drawing an upwards trendline just as is illustrated and shown below. If one opens a buy signal the stoploss order will be set just below this upwards trendline.

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

W Shaped Double Bottoms Pattern - What is the W Pattern?

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