Bearish Broadening Pattern is a form of reversal pattern. (Reversal pattern happens when Trend Line or Neckline breaks, the longer time it takes it good for the reversal pattern)
Bearish Broadening is a Bearish reversal pattern. The pattern is made by two horizontal lines. At least (2 or 3 times) for strong confirmation. This pattern can be further divided into two parts ( Bullish or Bearish). Lets discuss them in detail :-
Broadening Top | Right angled Ascending Broadening Wedge Reversal Pattern | Ascending Broadening Wedge
Key Features of this Pattern :-
Trend # Overall Trend should be Positive (or Upward),
Entry # One should enter into the Trade after the breaking of Lower (or Support) Line,
Stop Loss # Swing High should be your stop Loss,
Profit Target # Difference of upper Line (Resistance) and Lower Line (support) should be your Target ( Risk Reward Ratio should be 1:2 or more)
Volume # Breakdown should happen with a strong volume
