April 1, 2024 - ChartAlert®

“Broadening Formation” Classical Chart Pattern Stock Screener

The Broadening Formation is a technical chart pattern characterized by two diverging trendlines that gradually widen, resembling a megaphone shape; it indicates increased volatility and uncertainty in the market, with alternating higher highs and lower lows, often suggesting potential reversals or trend changes

1–2 minutes

This post focuses on customizable factory scans associated with Broadening Formation classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.