I tried to show you the most important Classic Reversal Patterns of Technical Analysis with their 🎯 Targets 🎯. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
A technical chart pattern recognized by analysts, known as a broadening formation or Megaphone Pattern, is characterized by expanding price fluctuation. It is represented by two lines, one ascending and one descending, that diverge from each other. This pattern typically appears after a significant increase or decrease in security prices and is denoted by a...
In this video: * How to spot and draw a broadening wedge pattern. * What constitutes an official broadening wedge pattern. * Is the pattern bullish or bearish? * What is the probability of breaking down vs. moving further up? * How to measure target down and how to measure target up? * Other notes to make on how to trade.
In our previous post in this series about chart patterns we described the characteristics, rules, and causes of triangle patterns (if you haven't seen it, see the related idea below). In this post, we perform an advanced analysis of broadening wedges patterns. We provide a description of each pattern and its implications. We also review the literature in order to...
NYSE:BURL It is never a question of being right or wrong, but rather of being too early and being thrown out of the market before the asset's actual direction. What we need is an event that allows us to systematically decide to enter Long or Short, in our case the patterns of technical analysis. We are trend-followers and we gain from price movement, so we could...
An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at...
OMGUSD Broadening Wedge
Identifying a Right-Angled Broadening Wedge Right-Angled Broadening Wedges come in two varieties, ascending and descending. They consist of a horizontal trend line and a sloping trendline. The Ascending Right-Angled Broadening Wedges (ARABW) have an ascending trendline above the horizontal trendline with price action in between. The Descending Right-Angled...
Check out the numerous '' micro patterns '' that develop and establish the '' macro pattern s''. Each element provides a particular insight on the direction of the stocks future trend.