"W PATTERNS are call patterns" well "M PATTERNS are put patterns". As you notice on chart with PA two "W patterns with price action pattern. *If you go back on this chart to Oct- Dec 2015- bullish trend
happened too. I expect for long term trend to be bullish
, with some corrections or retracements along the way. Major support area
of 125.00 shows a double bottom
pattern now. Remember price action or what is going on right now is key, plus trend trading.