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In this video we will see about Broadening formations pattern .
what is Broadening formations pattern ?
It is Actually an inverted triangle or a triangle turned backwards.
A pattern that occurs during high volatility, when a security shows great movement with little direction.
The formation is identified by a series of higher highs and lower lows.
A trend line drawn over the highs and under the lows frames out the widening pattern.
It looks like a megaphone and, in fact, it is also known by that name.
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