What is Broadening triangle formation in trading?

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Terence Hart
Answered 5 months ago
<p id="isPasted">A Broadening Triangle is a relatively rare triangle pattern which occurs when there is a lot of volatility in a security.</p><p>It is formed when the prices forge higher highs and lower lows consecutively.</p><p id="isPasted">While forming, it is difficult to predict the actual breakout from the pattern because of the diverging nature.</p><p>More over the tendency and requirement of surpassing the previous highs in the formation of the pattern, is a reason why breakout traders face a lot of stoploss triggers , trapping bulls when the previous peak is breached and bears when the previous low is breached and then …</p>