What is the W Stock Indices Chart Pattern?

The W pattern in indices trading is a double bottoms stock indices chart pattern look like a W-Shape, the best reversal stock indices signal is where the second bottoms is higher than the first one as displayed below, this means that the reversal can be confirmed by drawing an upwards indices trend line as shown below. If a trader opens a buy stock indices signal the stop loss will be placed just below this upwards trend line.

W-Shaped Double Bottoms Stock Indices Chart Pattern - What is the W Indices Chart Pattern?