A triangle chart pattern used in technical analysis, where the top level increases and the bottom level decreases, moving farther and farther away from each other. When charted, the pattern looks like the reverse of a symmetrical triangle pattern. The expanding triangle is said to be a good indicator of a reversal pattern, and is usually analyzed when a security's price has been increasing to see if a decrease is likely to occur. also called broadening top and broadening formation.
Related information about expanding triangle:
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Definition of expanding triangle: A triangle chart pattern used in technical analysis, where the top level increases and the bottom level decreases, moving farther ...
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Apr 21, 2009 ... Also known as a broadening top, an expanding triangle or a megaphone top, the reverse symmetrical triangle is a bearish indicator, and the ...
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... triangle, include the narrowing boundary lines then simply turn the page over horizontally then hold up to the light and you will see the expanding-triangle!
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