The M chart pattern is a reversal pattern that is bearish. It is also called the double top pattern. This pattern is created when a key price resistance level on a chart is tested twice with a pullback between the two high prices creates a price support level zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.