This megaphone pattern, which is also called a broadening formation, indicates broad instability in the American stock market due to the expanding trading range.
Broadening tops appear more on tops than on bottoms and usually have bearish implications.
Price completed 1-5 Elliott waves sequence and now we are in Elliott correction phase.
Meaty bearish candles from institutional level indicate major institutions are entering into shorts. How far price will drop - God knows.
Classic broadening top projection sends us to unclosed level, which makes sense.
For educational purposes only.
Broadening tops appear more on tops than on bottoms and usually have bearish implications.
Price completed 1-5 Elliott waves sequence and now we are in Elliott correction phase.
Meaty bearish candles from institutional level indicate major institutions are entering into shorts. How far price will drop - God knows.
Classic broadening top projection sends us to unclosed level, which makes sense.
For educational purposes only.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.