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<p id="isPasted">The M pattern reflects shifts in market psychology, offering insights into the underlying emotions driving traders at each stage:</p><p><br></p><p>1. First Peak: Buyer Optimism</p><p>At the first peak, buyer confidence is high, pushing prices upward. However, profit-taking begins, causing a pullback. This marks the first sign of buyer hesitation as traders become cautious.</p><p><br></p><p>2. Neckline: Indecision</p><p>The price pulls back to a temporary support level (the neckline). Here, buyers try to maintain control, but there’s growing exhaustion. Sellers sense an opportunity but haven’t fully taken over yet.</p><p><br></p><p>3. Second Peak: Fading Confidence</p><p>When the price tries and fails to surpass …</p>
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