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The broadening pattern is a six-column pattern that indicates trouble for traders who trade breakout patterns. It is a period of whipsaws an
"Broadening Pattern: A Bullish Chart Formation Signaling Market Uptrend Potential"
The Broadening Pattern is a bullish chart formation characterized by expanding price swings, creating a widening megaphone shape. It signals increasing volatility and higher highs, with the potential for significant upward movement as the pattern progresses.
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The Most Important Chart for Bulls While the S&P 500 index has bounced off its own 50-day moving average, many of the S&P members have already broken down through their own 50-day. Why is this chart the most important one for bulls to follow, and how can we differentiate buyable pullbacks versus deeper corrections in price and/or time? Learn how to read bullish chart patterns.
