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MegaPhone (Broadening) Patterns
Broadening Tops and Bottoms are also known as Symmetric Inverted Triangles or MegaPhones. This pattern consists of broadening each swing reversal with larger than the previous swing. The Broadening top consists of five swings points and usually the last swing reverses the trend direction that existed prior to the formed pattern. In a Broadening top formation, the first pivot, or turn, must be down, and in a Broadening bottom formation, the first pivot, or turn, must be up. One of the critical points in Broadening tops and bottoms is the mid line. In many cases, the rallies/declines stop at the mid line to retest the prior trend line. Usually this is the last swing before a clear breakout/breakdown occurs.
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