![]() It is a common saying that smart money is out of market in such formation and market is out of control. Its formation usually has bearish implications. Broadening Top formation appears much more frequently at tops than at bottoms. a megaphone pattern) is technical analysis chart pattern describing trends of stocks, commodities, currencies, and other assets. JSTOR ( July 2010) ( Learn how and when to remove this template message)īroadening top (a.k.a.Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources. This article needs additional citations for verification.
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