or
Remember me
Back
Tells Me: The recent broadening action tells us that trading has been out of control, but a breakout on the downside suggests we're starting a more decisive downtrend.
With its broadening price swings, the Megaphone represents a market that's unstable and out of control. It typically consists of two successively lower lows between three higher highs, and the reversal signal occurs when the price breaks down below the second trough (the lowest lows) as a sign of a more decisive bearish move.
A daily snapshot of everythingfrom market open to close.