Megaphone Chart Pattern
Megaphone chart patterns are also called broadening formations; these patterns are formed on charts when a stock starts to become volatile. It typically involves a lot of upward and downward swings in the share price.
Depending on where a megaphone pattern develops on a chart, it can act as either a continuation pattern or a reversal pattern.
Requirements
Characteristics & Observations
Breakout Area
Trading Strategies
Real Chart Examples
