W pattern is directly opposite of the M pattern as you could probably assume
Using GNOUSD as an example we can see the W breaking out and completing its formation
In doing this it seemingly forms what I would call a 'Handle' for the pattern
Observing this allows the comparison between the two patterns (W and Cup and Handle)
Also the observation of a clear cut Top, similar to the cup and handle
Outlined on chart 1,2,3 are my key takeaway points that I have come to believe
Using GNOUSD as an example we can see the W breaking out and completing its formation
In doing this it seemingly forms what I would call a 'Handle' for the pattern
Observing this allows the comparison between the two patterns (W and Cup and Handle)
Also the observation of a clear cut Top, similar to the cup and handle
Outlined on chart 1,2,3 are my key takeaway points that I have come to believe
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.