The bullish megaphone pattern, also known as a broadening wedge, forms when the price creates a series of higher highs and lower lows. As a technical rule, a breakout above the pattern’s upper ...

In detail, megaphone setups consist of a minimum of lower lows and two higher highs forming during a period of high market volatility. But, generally, these patterns consist of five consecutive swings ...

Crypto has been under pressure, with two key chart developments being fodder for the bears. “Out of control” Bitcoin price action and a negative moving-average indicator point to additional downside.

The overarching pattern in stocks that I have been following for years is called a megaphone pattern. It is simply a series of higher highs and lower lows. The S&P 500 traced out a large megaphone ...