What is the W Crude Oil Trading Chart Pattern?

The W pattern in oil trading is a double bottoms crude oil chart pattern look like a W Shape, the best reversal oil trading 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 upward oil trend line as shown below. If a trader opens a buy oil signal the stop loss will be placed just below this upward oil trend line.

W Shaped Double Bottoms Crude Oil Trading Pattern - What is the W Oil Trading Chart Pattern?