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Megaphone Chart Pattern

Megaphone Chart Pattern - Megaphone patterns can tell investors a lot about a stock, depending on which direction they're going. It appears on the charts of stocks, currency pairs, or other financial instruments, and is. The megaphone pattern, also known as the broadening formation, is a chart pattern that occurs in trading during periods of high volatility. Its defining characteristics include two diverging. What is a megaphone chart pattern? Traders use the megaphone stock pattern to generate signals to buy or sell a stock based on the direction of the market when it’s reaching either end of its range. Look for the first higher high and lower low, marking the start. Identify the initial high and low: The megaphone pattern is a chart formation that looks like an expanding triangle. Learn how to identify and trade in megaphone pattern from the chart and identifying it properly is the main art of trading.

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