A neutral chart pattern in a strong bullish trend. The price appears to stabilize and form a bullish flag formation. Instead of trading in a well defined parallel range as expected, the price begins to form new highs and new lows to form a reverse triangle or megaphone shaped pattern. Two consecutive highs create a positive trend line. Two consecutive lows create an alternative negative trend line at the lower range. When either trend line is broken, that is the one which dominates. Chances for a breakout are 50-50 in either direction.
Related information about broadening top:
- Broadening top - Wikipedia, the free encyclopedia
Broadening top is technical analysis chart pattern describing trends of stocks, commodities, currencies, and other assets.
- Broadening Top - The Pattern Site
Broadening tops are megaphone shaped price patterns. The article, written by internationally known author and trader Thomas Bulkowski, includes identification ...
- Broadening Top Bearish Reversal - Chart Patterns
Trading stocks education: Chart Patterns - Broadening Top Bearish Reversal pattern.
- The Climax of the Broadening Top - ThePracticalInvestor.com
Mar 16, 2010 ... The picture above is a basic outline of the broadening top formation as described by John J. Murphy in his book, “Technical Analysis of the ...
- Megaphone Top Chart Pattern | John Lansing's Trending 123
A Megaphone Top also known as a Broadening Top is considered a bearish signal, indicating that the current uptrend may reverse to form a new downtrend. top ...
- Broadening Top - Reversal Chart Pattern
A Broadening Top is a powerful chart reversal pattern comprised of three peaks and two bottoms. It often leads to sharp, steep declines which quickly erase ...
- Broadening Top & Broadening Bottom Chart Pattern - YouTube
Jun 5, 2012 ... Broadening Top and Bottom is the reverse of the triangle pattern where prices expand in range over time and is symmetrical like the ...
- 25# Broadening Top Bearish Reversal - Forex Strategies - Forex ...
Broadening Top is a rally to a new. high, weakness to an intermediate. support level, a second rally to a. higher high on increased volume and. decline through ...