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M13 patterns refer to triangles or wedges in technical analysis charts. W16 patterns indicate classic uptrends. Various traditional technical patterns such as head-and-shoulders, triangles, and trends can be categorized as M or W patterns, with M patterns typically representing bearish or sideways patterns and W patterns usually signifying bullish trends.

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Chidambara St
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60 views2 pages

1 Scan

M13 patterns refer to triangles or wedges in technical analysis charts. W16 patterns indicate classic uptrends. Various traditional technical patterns such as head-and-shoulders, triangles, and trends can be categorized as M or W patterns, with M patterns typically representing bearish or sideways patterns and W patterns usually signifying bullish trends.

Uploaded by

Chidambara St
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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16 M Patterns

16 W Patterns

Traditional Technical Patterns

All of the traditional technical patterns such as head-and-shoulders, triangles, uptrends and
downtrends can categorized as Ms and Ws as well. For example an M13 is a triangle or
wedge and a W16 is a classic up trend.The categorization into classical chart patterns
follows:

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