“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

2–3 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.


Display recent bullish Broadening Top classical chart patterns

Tags: Bullish broadening formation pattern; Confirmed bullish broadening formation pattern; Broadening top pattern; Bullish expanding triangle pattern

List symbols where pattern is Broadening Top

Add Column Broadening Top Status as Status
Add Column Broadening Top Target as Target
Add Column Broadening Top Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Broadening Top pattern.

The output report includes the current status of the Broadening Top, indicating whether it is confirmed, unconfirmed, or if the target has been reached.

Additionally, the report shows the Broadening Top target level and the date when the pattern was triggered.



Confirmed bullish Broadening Top classical chart patterns

The following scan specifically looks for confirmed Broadening Tops.

List symbols where pattern is BroadTop
and BroadTopStatus = Confirmed

Add Column BroadTopStatus as Status
Add Column BroadTopTarget as Target
Add Column BroadTopDt as Date

Apply to NSE

Plot

Display recent bearish Broadening Bottom classical chart patterns

Tags: Bearish broadening formation pattern; Confirmed bearish broadening formation pattern; Broadening bottom pattern; Bearish expanding triangle pattern

List symbols where pattern is Broadening Bottom

Add Column Broadening Bottom Status as Status
Add Column Broadening Bottom Target as Target
Add Column Broadening Bottom Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Broadening Bottom pattern.

The output report shows the current status of each pattern, indicating whether it is confirmed, unconfirmed, or if the target has already been reached.

Additionally, the report includes the target level and the date the pattern was triggered.


Confirmed bearish Broadening Bottom classical chart patterns

This scan specifically searches for confirmed Broadening Bottoms.

List symbols where pattern is BroadBottom
and BroadBotStatus = Confirmed

Add Column BroadBotStatus as Status
Add Column BroadBotTarget as Target
Add Column BroadBotDt as Date

Apply to NSE

Plot

For insights into the Broadening Formation/ Broadening Top/ Broadening Bottom/ Expanding Triangle classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.

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