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What is the M Pattern in XAUUSD?

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

What is the M XAUUSD Chart Pattern? - How to Analyze M Shapes in XAUUSD Charts

M Shaped Double Tops Chart Pattern - What is the M Gold Chart Pattern in XAUUSD?

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