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  • Nasdaq100: Broadening Top on the Weekly 3 comments
    Dec 22, 2011 12:11 PM | about stocks: QQQ

    I want you to pay attention to a very rare pattern, called Broadening Top, aka Megaphone Top pattern. It is a long term pattern very difficult to detect, we can see it clearly on the weekly chart:

    nasdaq weekly broadening top

    Stocks: QQQ
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  • JCH57
    , contributor
    Comments (82) | Send Message
    How do you know how many zig-zags before it breaks out? Does it always break to the downside?
    27 Dec 2011, 05:00 PM Reply Like
    , contributor
    Comments (664) | Send Message
    Author’s reply » it already broke, we are in a downtrend since then
    27 Dec 2011, 05:34 PM Reply Like
    , contributor
    Comments (664) | Send Message
    Author’s reply » 5 zigzags. always breaks. nasdaq is not a good example, SP is perfect
    27 Dec 2011, 05:33 PM Reply Like
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