The key benefit of the forex m pattern is that it indicates a market reversal. When prices are consolidating in this instance, traders can spot reversal plays. Another benefit is the obvious distinction between benefits and dangers. Because this is the case, traders can employ the most effective trading method. Traders also find this notion simple to grasp, making it helpful in trading.
In terms of the pattern's disadvantage, identifying it might be subjective at times. In certain cases, traders mistake one pattern for another, causing them to avoid it unintentionally. It is also worth mentioning that the forex m pattern is more likely to be seen in lower time frames rather than higher time frames. The reason for this is that the prices are reflected by fast candle closing within the smaller time range employed.