A W pattern is a double-bottom chart pattern that has multiple swings both up and down in price that create the shape of the letter “W” on a chart of price action. This pattern usually has a strong downtrend before creating the W and then a strong uptrend on the chart after the W is fully […]
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A W pattern is a double bottom chart pattern that has tall sides with a strong trend before and after the W on the chart. The W chart pattern is a reversal pattern that is bullish as a downtrend holds support after the second test and rallies back higher. This pattern is created when a
This article is a sample chapter from my book The Ultimate Guide to Chart Patterns. Chart Facts: The Double Bottom Chart pattern is a reversal pattern that is bullish. This pattern is created when a key price support level on a chart is tested twice with a rally between the two support level tests. A double
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