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What is the M Stock Indexes Chart Pattern?

The M pattern in indices trading is a double tops stock indexes chart pattern look like an M-Shape, the best reversal stock indices signal is where the second top is lower than the first one as shown below, this means that the reversal stock indices signal can be confirmed by drawing a downward indices trend line as shown below. If a indices trader opens a sell stock indices signal the stop loss will be placed just above this downward indices trend line.

M-Shaped Double Tops Stock Indexes Chart Pattern

M-Shaped Double Tops Indices Trading Chart Pattern - What is the M Indices Trading Chart Pattern?


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