Broadening Top. Broadening top is technical analysis chart pattern describing trends of stocks commodities currencies and other assets Broadening Top formation appears much more frequently at tops than at bottoms Its formation usually has bearish implications It is a common saying that smart money is out of market in such formation and market is out of control In its formation most of the selling is completed in the early stage by big players and the participation is from general public in the later sta.
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Broadening Tops Overview The broadening top is a poor performer The break even failure rate is above average and the average rise or decline is below average Partial rises and declines help predict the breakout direction and allow a trader to enter the stock sooner but also increase the risk of failure Characteristic Discussion.
What is an broadening top? CentralCharts
The Broadening Top pattern forms when the price progressively makes higher highs (1 3) and lower lows (2 4) following two widening trend lines The price is expected to move up or down past the pattern depending on which line is broken first.
Broadening Top Pattern: Full Guide PatternsWizard
The broadening top pattern is a bearish reversal pattern It’s tougher to trade than other classical patterns as lows and highs get taken out one by one It can also be called the “megaphone pattern”.
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Broadening Tops ThePatternSite.com
Broadeningtop — TradingView
Broadening top Wikipedia
A broadening top is a bullish reversal pattern The pattern is formed by two divergent lines which are horizontally symmetric It is therefore a reverse symmetrical triangle The oscillations between the two triangle terminals are therefore becoming increasingly large Each line must be touched at least twice to be validated.
