Broadening Bottom Chart
The Broadening Bottom chart contains a broadening pattern, in this case, a broadening bottom pattern because prices enter the pattern from above.
There are three higher highs and four or five lower lows. Prices break below support and move downward enough to complete a profitable trade using either price target method.
The Broadening Bottom chart contains a broadening pattern, in this case, a broadening bottom pattern because prices enter the pattern from above.
There are three higher highs and four or five lower lows. Prices break below support and move downward enough to complete a profitable trade using either price target method.