The Trader 

Broadcasting a warning

The Trader

We called them megaphone chart patterns, in the days when we drew them by hand. As I haven’t seen a megaphone in years, let alone a set of rolled-up paper graphs, we’ll revert to calling them broadening formations, either tops or (more scarily) bottoms. These are triangles that start at the apex and widen over time – as opposed to consolidation triangles which are often symmetrical and move from left to right towards the apex. Not exactly mirror images of each other, but you get the picture.

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