Broadening Top
Broadening formations occur when a market is experiencing heightened disagreement among traders over the appropriate price of a security over a short period of time. Buyers become increasingly willing to buy at higher prices, while sellers find ever more motivation to take profits. Taking into account the developing weekly range we're facing high probabilities of remaining within the megaphone through the end of this week.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.