“X marks the spot” might be true for treasure maps, but on stock charts, the W is the letter some traders look for. W pattern trading is a common strategy employed by swing traders looking for trend reversals, but the concept is a little more complicated than just spotting a letter shape. Traders still need to understand the signals and have the ideal platform to facilitate their transactions. Table of Contents

What Is W Pattern Trading?

Understanding the W Pattern

Look for a Pattern Resembling a W

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What Is W Pattern Trading?

W pattern trading is also known as a double-top pattern or double-bottom pattern depending on the direction of the trend. The W refers to the physical shape that appears on the stock chart in this situation, namely the double-bottom pattern. T

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