Exchange Currency

broadening top

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:
  1. Broadening top - Wikipedia, the free encyclopedia
    Broadening top is technical analysis chart pattern describing trends of stocks, commodities, currencies, and other assets.
     
  2. 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 ...
     
  3. Broadening Top Bearish Reversal - Chart Patterns
    Trading stocks education: Chart Patterns - Broadening Top Bearish Reversal pattern.
     
  4. 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 ...
     
  5. 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 ...
     
  6. 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 ...
     
  7. 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 ...
     
  8. 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 ...