“ W PATTERN BULLISH pattern trading strategy “
W pattern is a Bullish Indication Pattern.
First , Right Leg of W must be overextended and better if it made a breakout which will Indicates more buying power .
Some ppl call this as Double Bottom or Triple and so on.
Steps :
1) Identify Nearest W pattern to CMP.
2) Identify Fresh Order Block on Lower TimeFrame .
3) Wait for pullback .
4)Once price pullback , Wait for another break in even Lower TimeFrame .
Exmaple :
W Pattern Identified on Daily then identify a fresh zone on H4 and then get the double confirmation on H1/M30/M15 .