Broadening Top

Discussion in 'Technical Analysis' started by Dell-Boy, Jan 18, 2006.

  1. If this pattern is guenuine expect target price of 1205
  2. Isn't the "expanding wedge" a continuation pattern, not a reversal pattern? We'll see.
  3. cnms2


  4. up-date
  5. serg007


    Broadening top is relatively rare but powerful reversal formation. Should be accompanied by higher than normal volatility. SPX looks like it now but I'd wait for confirmation (breakdown 1245) before making any intermediate-term forecasts.
  6. cnms2


    Your chart looks more like a diamond now, with the same bearish significance.
  7. So much for TA. Everyone here sees different things. :confused:
  8. Banjo


    A diamond or broadening top may be forming in the NQ, characterised by volatility, unusual formation. Will be interesting to see what happens. The advantage of TA awareness is that you will be on your toes while others will be flatfooted. If it takes a dump it will be a nice one.