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Megaphone

Inverted Triangles and Megaphone Patterns , Discretion advicedLOOKS LIKE Inverted Triangle and Megaphone Pattern is in the making In such kind of pattern one can see new high and new lows so you can think of those megaphones or bull horns kind of patter. Under which making new high constantly new lows constantly pattern kind of widening out This pattern itself is very hard to find they don’t setup that often , you can see depending on the timeframe once a week once a month , may be once a year if you are looking at the big time frame so they don’t happen very often but when they do they are very very powerful , so the big thing behind is we need to see the actual price action setup meaning that we need a two highs and two lows so that we can connect together so in this case we going to have a high and high to low and low that’s the important part of this the more you have the better but you need at least 4 points so once you got that 4 setup then we can look at taking the side of the trades so basically what you want to do is price comes at the either side of low or high , one can become a buyer or seller.
NSE:HCLTECH
by Anubhav432hz
SPY Crash - Prediction and explanation.This is my analysis of the market, specifically the S&P 500. Indicators and fundamentals that point to a massive drop. The formation identified is called a Broadening Formation (aka Megaphone Formation) Here's the link to better explain the formation in detail - www.investopedia.com As stated in the video, if you have a difference of a opinion, I would love to hear it and learn how you got there. I'm always willing to learn something new.
AMEX:SPYShort
0
by ReadyFor401k
13
Stocks Still Rearing from YieldsThe sudden and continued rise in bond yields have created a problem for Stocks. The S&P has retraced from the upper bound of our pseudo-megaphone pattern. Although we do have support at 3791, we appear to be forming a bear flag, and may break lower. There is a vacuum zone down to 3758, which it appears that the S&P seems to be gearing up to cross. The level 3758 is not only a technical level but it also intersects with the lower bound of our pseudo-megaphone pattern so we should see some some support there. We have a cluster of levels below that at 3749 and 3737, which should provide further support. If there is bull momentum, we should see resistance at 3847, which is about mid way between the upper and lower bounds of our chart pattern.
FX:SPX500Short
by quantguy
Stocks Gearing Up for a Breakout??Stocks appear to be coiling up for a breakout. We had some wild fluctuations the past few trading days, but we are currently seeing a consolidation just under the upper bound of our pseudo-megaphone pattern. Recall that this is not technically a megaphone pattern which requires higher highs and lower lows. However it does obey the spirit of the pattern which is an increase in volatility. We are currently hugging the trend line at the moment, and may form a bull pennant before another breakout. It is also possible to see one more test of lows, so watch what the momentum is doing at open. This will give you a hint. If we reject those highs, 3867 will provide support and then 3848. If we break this level it is likely to test the lower trend line of the pattern again. The levels 3927, 3938, and 3962 are targets to the upside.
FX:SPX500Long
by quantguy
3
Another Stock Breakout??Stocks have recovered nicely from that huge dip. Trusting our senses paid off yesterday as the S&P hit our target exactly. We are seeing an extension of the megaphone type pattern we discussed a few days ago. For the pedantic, technically, this is not a megaphone pattern, since we'd need higher highs in addition to lower lows. However it does obey the spirit of the megaphone pattern in the sense that we are seeing an increase in volatility. There appears to be a bias forming to the upside which suggest we could see a breakout soon. The Kovach OBV has picked up, suggesting it may be loading up for that breakout. Relative highs at 3937 would be a great target. Expect resistance there as this is a significant level
FX:SPX500Long
by quantguy
2
Megaphone Pattern in Bitcoin!! What does this Mean??Bitcoin looks like it is forming a megaphone pattern. This is a make-or-break for BTC in the near future, as vertex 4 is meeting the lower bound of the megaphone as well as intersecting with a support level at $52.8K. If we see support here, we will fill out the rest of the pattern, which would take us to new all time highs around $60K exactly. If we break down, we should see a lot of momentum and retrace through the vacuum zone to $49.7K. We are still bullish of BTC and cryptos in general but technical retracements and selloffs do happen.
BITSTAMP:BTCUSDLong
by quantguy
2
Bitcoin special analysis!! CHECK THIS ONE OUT 😍° BTC Good evening everyone, a second update of today, I posted earlier the support levels of the falling BTC! I just wanna give an update, since October 2020 Bitcoin was in a so called megaphone as you can see on the first pic!📣 The upper part of the megaphone was acting a resistance and was tested 5 times!! Right now, there's a chance that this megaphone resistance will act as support, which it is right now! (zoomed in on the second page) Lets all hope for the best because honestly, we just wanna see the 50k ASAPP!!! 😍😍
Long
by euphoricSnovv
ALPHA/BTC Bullish Megaphone PatternALPHA/BTC is forming a vert wide and big megaphone pattern on the D1 chart. With the recent influx of volume, we might see a very bullish period ahead of us. Not only is this pattern bullish, the fact that Bitcoin dominance is diminishing at a very fast rate means that the X/BTC pairs show a very nice investment opportunity now. I've marked two targets on the chart, based on round number resistances. R1 is the most conservative resistance, R2 a more risky one which offers a better R/R ratio. Happy trading!
Long
by FieryTrading
7