A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines .
A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right.
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