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M Top & W Bottom Simplified Practical Core
W Bottom (Double Bottom Bullish)
Forming a double bottom at the end of a decline indicates strong support below and weak bears;
The key is the neckline, a volume breakout above the neckline confirms a reversal, with the subsequent rise approximately equal to the distance from the bottom to the neckline.
Wait for a stable breakout and retest before entering, place stop-loss below the second low.
M Top (Double Top Bearish)
Double high points at the end of an uptrend suggest high resistance above and exhausted bulls;
Breaking below the neckline is a top signal, with the subsequent decline approximately equal to the distance from the top to the neckline.
If it breaks or rebounds away from the neckline, exit, and place stop-loss above the second high.
General points: Breakouts/breakdowns must be accompanied by volume to be more reliable, as patterns are prone to false signals. Always combine with position management and strict stop-loss to improve win rate. $BTC $ETH