Bullish 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).The pattern is made by two horizontal lines. At least (2 or 3 times) for strong confirmation. Lets study them in details
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Broadening Bottom | Right angled Descending Broadening Wedge Reversal Pattern | Descending Broadening Wedge
Real Life Example
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Real Life Example
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Key Features of this Pattern :-
Trend # Overall Trend should be Negative (or Downward),
Entry # One should enter into the Trade after the breaking of Upper (or Resistance) Line,
Stop Loss # Swing Low 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 # Breakout should happen with a strong volume
