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In the Chart Patterns one of the types is the Broadening Bottom and Broadening Top Pattern. The Pattern forms a megaphone-like appearance with higher highs and higher lows that widen over the time.
In technical analysis, chart patterns play a vital role in understanding the current state of the stock and predict its prospect with regards to the market. The "broadening bottom" and "broadening ...
He is a Chartered Market Technician (CMT). A broadening formation is a price chart pattern identified by technical analysts. It is characterized by increasing price volatility and diagrammed as ...
A descending broadening wedge is a technical chart pattern that appears during a downtrend ... Bitcoin “found a bottom” before embarking on a sustained uptrend heading into the fourth quarter.
The top boundary line is ascending; the bottom boundary line is descending ... the horrendous decline these past three similar Broadening Top patterns produced failed, and unless they get on ...
GBP/USD extends gains to test 14-day EMA at 1.2704 level. A broadening bottom pattern on a daily chart suggests a potential correction before moving lower. The lower boundary of the broadening ...
USD/JPY has breached the bottom of a bearish Broadening Formation price pattern and is falling toward the first downside target at 148.54, the 61.8% Fibonacci extrapolation of the height of the ...
AUDUSD continues to trade between well-defined slope lines but beware of a possible broadening bottom (very difficult pattern to trade).