W-pattern — TradingView (2024)

ETH Bearish Bat Pattern

ETHUSD

, 1DShort

KMChris

I've identified a potential Bearish Bat Harmonic Pattern on the ETH/USD chart, signaling a potential reversal in the current uptrend. This pattern is formed by four price swings within the Fibonacci ratios. If the pattern completes as expected, we might see a reversal in the price of ETH/USD around the $3800 level.

2

1

ETH - 3500 => Make or Break ❗️

ETHUSDT

, 240Long

TheSignalystUpdated

Hello TradingView Family and Fellow Traders,This is Richard, also known as theSignalyst. 📈 ETH has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in red.It's evident that ETH has been respecting significant round numbers, particularly the 500 marks.Following its breakthrough above 3000, ETH traded higher to...

35

14

🔥 Bitcoin's New All-Time High Dump: Temporary Or Not?

BTCUSD

, 60Long

FieryTrading

Two days ago I made an analysis on my expectation of Bitcoin's short-term price action, based on historical price action at the moment a new all-time high has been made.My most likely scenario was a new ATH, followed by a dump towards the first yellow area of support. This has now occured, together with an hourly oversold reading on the RSI.Experienced...

28

2

BTCUSDT.P

, 1WLong

tkarolak

In my latest technical analysis of the BTCUSD (Perpetual Contract), I've identified a compelling 'Cup and Handle' pattern that signals a bullish trend on the horizon for Bitcoin. My chart showcases the formation with a well-defined 'cup' and a smaller 'handle', indicating a period of consolidation that could precede a significant upward breakout.I've marked the...

5

2

WLDUSDT

, 1DLong

FieryTrading

In my last analysis I talked about the bullish channel that WLD was trading in. My anticipation was that WLD would break through the top resistance and make it's way to 10$.After topping out around 9.25$, WLD has been reading sideways. With BTC trading exceptionally bullish, I expect WLD to break out of this pattern in the near future.WLD can fly. I'm aiming...

7

Xau/Usd

XAUUSD

, 15Long

THP-Forex-Academy

Hello traders!Gold in the 15m timeframe has entered the channel scheme. The price has reached the level of 2142.00. We see that we have a bullish trend. In my opinion, the pair Xau/Usd will test the level of 2152.50. Be careful! Don`t forget to look at the economic calendar!Entry: 2125.00SL: 2119.00TP: 2152.50MAKE MONEY AND ENJOY LIFE 💰THANK YOU!GOOD LUCK!🙏🏻🙏🏻🙏🏻

5

Eur/Usd LongTerm

EURUSD

, 1DLong

THP-Forex-Academy

Hello traders!As we can see, the Eur/Usd pair in the daily timeframe has entered the triangle pattern. My opinion is that if the price breaks the 1.0890 level, then we will have a buy movement at the 1.1050 level. Be careful! Don`t forget to look at the economic calendar!MAKE MONEY AND ENJOY LIFE 💰THANK YOU!GOOD LUCK!🙏🏻🙏🏻🙏🏻

2

NYCB Community Bank falls to support and rises LONG

NYCB

, 15Long

AwesomeAvaniUpdated

On the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the roadit may be a problem if premium interest is being paid on the deposits. In the meanwhile, I see NYCB as taking back half of the trend down and floating up gradually into the...

6

Flying Saucer and +300% Profit 🛸

TWTUSDT

, 1DLong

VectorAlgoUpdated

#TWT/USDT #AnalysisDescription ---------------------------------------------------------------+ TWT has developed a promising saucer pattern, signaling a potential breakout from the resistance level. This breakout will pump the price of TWT+ I plan to enter a LONG trade following the breakout, with my entry point set just above the resistance level at around...

11

Saucer pattern presenting potential profit of +900% through PHB

PHBUSDT

, 1DLong

VectorAlgoUpdated

#PHB/USDT #AnalysisDescription ---------------------------------------------------------------+ PHB has formed a well-defined saucer pattern and has effectively broken out from the resistance level associated with this pattern.+ This presents an opportune moment to enter the trade. I anticipate a significant price surge following this breakout.+ I'm...

7

2

Breakout of a Falling channel - RIL on the move

RELIANCE

, 1WLong

Shivam_GabaUpdated

Reliance Industries has broken out of a big falling channel. The pattern size projection is around 3200. The momentum indicators are bullish across Monthly, Weekly and Daily Timeframes.

IGL will become multibagger after Breakout

IGL

, 1WLong

FiveCircles

IGL may give Huge Breakout !! IGL is Making Hut pattern after an uptrend Possibility of Breakout is huge because its a continuation pattern We may see huge upside after breaking the resistanceIf stock comes down we can see support is around 370-390 levelBreakout confirmation is above 480-500 Current price is around 450 Targets are around 900-950...

10

2

XLM/USDT - Breakout of the year | Few more days left

XLMUSDT

, 1DLong

GreenCryptoTrades

BINANCE:XLMUSDT (1D CHART) Technical Analysis UpdateXLM is currently trading at $0.1356 and showing overall bullish sentimentthe price is currently around the resistance zone and the price was rejected around this resistance level 4 times in the past. This resistance level is very critical for the price to move above the resistance level. If the breaks the...

10

FIL - Next Target is 28$ ( +225% Profit Opportunity)

FILUSDT

, 1DLong

VectorAlgoUpdated

#FIL/USDT #AnalysisDescription ---------------------------------------------------------------+ As depicted in the chart, FIL has developed a well-defined saucer pattern and has effectively surpassed the resistance level.+ This unmistakably signals the imminent bullish phase for FIL.+ I intend to enter a LONG trade at the current price, allocating 0.2% of the...

32

3

PEPEUSDT

, 3DLong

FieryTradingUpdated

At the start of the month I made an analysis on PEPE where I discussed the inverse head & shoulders pattern that has formed. Risk-seeking traders could've made a killer-entry around the purple area for a decent +300%.I think there's still more to this move. I'm looking at a 440 target for the next 1-2 weeks. Ideally paired with a neutral/bullish Bitcoin.Be...

73

12

🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨

BTCUSD

, 1WLong

FieryTrading

In this analysis I want to take a look at one of my favorite personal indicators: Bitcoin Logarithmic Price Bands. You can find a detailed explanation of the indicator below.In short, this indicator tries to predict future areas of extreme opportunity. Buy in the green and sell in the red. However, I also added a yellow band in the middle which surprisingly...

224

21

🔥 ARBITRUM Massive Bull-Flag Breaking Out!

ARBUSDT

, 1DLong

FieryTrading

ARB has been consolidating inside a bull-flag since the start of 2024. With the altcoin market on fire at the moment, I expect ARB to continue the uptrend and break out in the near future.Targets placed at the current ATH and 3$. This token could see very decent returns in the near future.

39

3

Will we repeat Jan 2020 - Apr 2021?

BTCUSD

, 1D

hungryTortoise11333Updated

I copied Jan 2020 - Apr 2021 and overlapped it starting Jan 2023.. minus the Covid drop, I could see us following similar path but more drawn out.

15

1

W-pattern — TradingView (2024)

FAQs

Is the W pattern bullish or bearish? ›

Double tops and bottoms are important technical analysis patterns used by traders. A double top has an 'M' shape and indicates a bearish reversal in trend. A double bottom has a 'W' shape and is a signal for a bullish price movement.

Can TradingView identify patterns? ›

Once you have selected a chart pattern, the indicator will automatically draw it on the chart for you when it detects the pattern. The chart pattern indicators are easy to use and customize.

What is the W pattern indicator in TradingView? ›

W Pattern - Double Bottom: The W pattern is a bullish reversal pattern that resembles the letter "W" and signifies a potential reversal of a downtrend. The double bottom within the W pattern is a positive indicator.

What is the most successful indicator? ›

A guide to the 10 most popular trading indicators
  • Moving Average Convergence Divergence (MACD) ...
  • Fibonacci retracements. ...
  • Stochastic oscillator. ...
  • Bollinger bands. ...
  • Relative Strength Index (RSI) Indicator. ...
  • Average Directional Index (ADX) Indicator. ...
  • Standard deviation indicator. ...
  • Ichimoku cloud indicator.

Which indicator has the highest accuracy? ›

Which is one of the most accurate trading indicators? The most accurate for trading is the Relative Strength Index. It is considered one of the best momentum indicators for intraday trading. It helps investors identify the shares which are bought and sold in the market.

How to trade in W pattern? ›

One popular trading strategy is to buy at the bottom of a W Bottom pattern when prices are low, hold until it reaches the top of the W formation, and then sell off before the price drops back down again. Similarly, for W Top formations, traders can buy at the peak of the W shape and then sell before it drops back down.

What happens after a W pattern in trading? ›

This higher low signifies a rebound in prices and suggests that buyers are gaining control, potentially leading to a bullish reversal. Confirmation: Confirmation of the W pattern typically occurs when prices rise above the peak between the two troughs, signaling a bullish reversal.

What is the big W pattern in trading? ›

A big W is a double bottom with tall sides. Price often confirms the double bottom and approaches the height of the left side trend start before retracing and forming a handle. Once price completes the handle, the rise resumes.

Do traders use TradingView? ›

One great feature enabling traders to adapt to moving markets quickly is TradingView's trading charts, which allow for quick modifications. Not only do these charts help you gain deep market insight, but you can also use them to trade; here's how.

Is TradingView chart accurate? ›

I'm a tradingview premium user. What disappoints me in tradingview is that charts r not accurate compared to zerodha chart. You can simply check the open price and last price of an equity in trading view. I'm pretty sure it will be different from the pre-open data from NSE.

Are trading chart patterns real? ›

Chart patterns work by representing the market's supply and demand. This causes the trend to move in a certain way on a trading chart, forming a pattern. However, chart pattern movements are not guaranteed, and should be used alongside other methods of market analysis.

Is the W pattern bullish? ›

This is a W-shaped pattern with two lows with a moderate incline between them. This is a bullish reversal pattern that usually signals the beginning of an uptrend. The first low is usually formed after a strong downtrend.

What is the most powerful indicator in TradingView? ›

As most of you know, the Moving Average Convergence Divergence, MACD, indicator is a one of the most popular indicator among traders. The MACD is a trend-momentum indicator that measures the relationship between moving averages and uses a signal line to show crossovers between the...

What are the 4 indicators of TradingView? ›

This indicator is similar to the Weis Wave Volume indicator in that it shows cumulative volume for each up and down price wave. However it is calculated differently, using the Jurik moving average to determine turning points.

Which indicator has highest accuracy in option trading? ›

Intraday Momentum Index (IMI)

The Intraday Momentum Index is a good technical indicator for high-frequency option traders looking to bet on intraday moves.

What is the most accurate leading indicator? ›

Four popular leading indicators
  • The relative strength index (RSI)
  • The stochastic oscillator.
  • Williams %R.
  • On-balance volume (OBV)

Which indicator is more reliable? ›

Some of the most reliable momentum indicators are relative strength index (RSI), stochastic oscillator, and moving average convergence divergence (MACD). RSI is a popular indicator that ranges from 0 to 100 and shows how strong or weak the price is compared to its previous levels.

What is the leading indicator in TradingView? ›

The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average.

Top Articles
Latest Posts
Article information

Author: Van Hayes

Last Updated:

Views: 6124

Rating: 4.6 / 5 (66 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Van Hayes

Birthday: 1994-06-07

Address: 2004 Kling Rapid, New Destiny, MT 64658-2367

Phone: +512425013758

Job: National Farming Director

Hobby: Reading, Polo, Genealogy, amateur radio, Scouting, Stand-up comedy, Cryptography

Introduction: My name is Van Hayes, I am a thankful, friendly, smiling, calm, powerful, fine, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.