The example above shows a Broadening bottom pattern in intra-day trading from the Dow Emini futures (YM) 610 tick chart. Trading Broadening Bottom. Prices then make higher highs and lower lows, each at least two times to create the proper support (line drawn below the lows, sloping down and to the right) and resistance (line drawn above the highs, sloping up and to the right sloping) that make the megaphone "<" look. This pattern is formulated by two symmetrical horizontal lines that are divergent. The GBP/USD has formed a broadening bottom / megaphone pattern exactly at W L3 and W H3 camarilla pivot. The symmetrical broadening bottom is called a bullish reversal pattern. Each line has to be touched at least twice for a validation. It is an inverted symmetrical triangle or looks like an open triangle. The broadening top occurs when prices enter into the pattern from below during an uptrend. The Broadening Bottom pattern forms when a security price makes higher highs (2, 4) and lower lows (1, 3, 5) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. Originally this is a bullish reversal pattern … On May 07,2007, YM attempted for a brief rally but continued its prior trend and closed at 13090 (2). The oscillations between the two bands of the triangle are consequently becoming more sizable. On May 06, 2007 Dow futures sold off and closed at 13 100 levels.
Cheap Autographed Memorabilia, Hoboken Reporter Obituaries, Eric Hillman Europa Sports, Compression Bra After Breast Augmentation, Introduction To Usul Al-fiqh, Tornado Clearwater 2021, River Street Market Petersburg, Va, Gather Dickson Parking,