📈 Positional · Reversal

M & W patterns with RSI

Identify double-top (M) or double-bottom (W) patterns on the weekly chart. Confirm with RSI divergence at the second peak/trough. Enter on the neckline break; target the pattern height.

Timeframe: Weekly

Indicators: Chart patterns, RSI

Scaffold page

This page shows the core summary above. Detailed setup, entry/exit rules, and an interactive chart for this strategy are being added in a follow-up pass. See the Positional category for related strategies with full detail already added.

What the strategy does

Identify double-top (M) or double-bottom (W) patterns on the weekly chart. Confirm with RSI divergence at the second peak/trough. Enter on the neckline break; target the pattern height.

Tools it uses

Chart patterns
RSI

General trading rules that apply

Regardless of the specific setup, these apply to every strategy on this site:

Never risk more than 2% of your account on a single trade
Place a hard stop-loss before entering — no exceptions
Journal every trade: setup, reason, outcome, one lesson
After two consecutive losses, stop for the session
Backtest and paper-trade for a month before deploying real capital

Educational content only

Every strategy here is an educational description of a widely-known technical setup. Past behavior does not guarantee future results. The chart above uses synthetic price data generated for illustration — real market behavior varies. Backtest, paper-trade, and size responsibly before risking real capital.

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