What is the M Pattern in CFD?

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

M-Shaped Double Tops Chart Pattern - What is the M CFDs Chart Pattern in CFD?