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Magaphone

Gold Megaphone Bottom"Megaphone Bottom" chart pattern formed on Gold. This bullish signal indicates that the price may rise from the close of$1854 to the range of $1951-2000. The pattern formed over 150 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.The recent broadening action tells us that trading has been out of control, but a breakout on the upside suggests we're starting a more decisive uptrend. With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively higher highs between three lower lows, and the reversal signal occurs when the price breaks up above the second peak (the highest high) as a sign of a more decisive bullish move.
COMEX:GC1!Long
by jdouglas020
Updated
Bearish broadening wedge on USOIL! WTI technical analysis!Hello my beauties. It seems that the price of oil, while climbing, has created a bearish broadening wedge (or megaphone). The completion zone for this pattern is the green area. I'll wait for any wign of weakness and initiate a short position to the completion zone. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
TVC:USOILShort
by TrickleDownFX
11

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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