A broadening formation is an example of a consolidation pattern
and a highly useful tool in the prediction of the likelihood
of a reversal in the direction of a current trend.
When found in an uptrend it indicates not a
continuation of that trend, but a near-term reversal
of the price action.
and a highly useful tool in the prediction of the likelihood
of a reversal in the direction of a current trend.
When found in an uptrend it indicates not a
continuation of that trend, but a near-term reversal
of the price action.