It has always bounced back whenever it dropped to this level. The Chainlink price has formed an ascending broadening wedge pattern, also known as a megaphone. It is known as a megaphone because of ...

The bullish megaphone pattern, also known as a broadening wedge, forms when the price creates a series of higher highs and lower lows. As a technical rule, a breakout above the pattern’s upper ...

The 4-hour chart for AUD/USD shows the formation of a symmetrical broadening wedge pattern, with the price rebounding from its support. The strong rebound from this level reflects high volatility ...