*What is the W pattern?*
When gold / dollar drops twice and bounces back up from the same level, it forms a W on the chart!
This means:
The sellers are exhausted, and now it’s the buyers’ turn!
*Remember:*
The W isn’t confirmed until a candle closes above its neckline!
Neckline broken = the move upward begins
Neckline not broken = back down
This pattern may look small, but it can bring big profits!
*Have you ever taken a trade based on the W pattern? Tell us in the comments!*
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*Important note:*
This post is for educational purposes only. It is not financial advice. No responsibility is accepted for any profits or losses. Trading involves risk, so do your own research and make your own decisions.
#WPattern #XAUUSD #Gold #Trading #Forex #DoubleBottom
When gold / dollar drops twice and bounces back up from the same level, it forms a W on the chart!
This means:
The sellers are exhausted, and now it’s the buyers’ turn!
*Remember:*
The W isn’t confirmed until a candle closes above its neckline!
Neckline broken = the move upward begins
Neckline not broken = back down
This pattern may look small, but it can bring big profits!
*Have you ever taken a trade based on the W pattern? Tell us in the comments!*
---
*Important note:*
This post is for educational purposes only. It is not financial advice. No responsibility is accepted for any profits or losses. Trading involves risk, so do your own research and make your own decisions.
#WPattern #XAUUSD #Gold #Trading #Forex #DoubleBottom
