M w chart patterns
Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, The 'M' on the chart is located at the top of the 2nd peak. Clue: 'WM' is the common leg where the 'W' pattern changes to an 'M' pattern. The outside legs of either the 'W' or the 'M' are the strongly trending legs. which generally rise or fall the full width of the channel.