Broadening

Broadening

A term used in technical analysis. A price formation with the appearance of a horizontal triangle, with the apex on the left and the base at the right. The trend lines are widening so the base gets wider. Peaks and troughs get successively higher and lower, showing a market that has lost its way. See also Technical Analysis.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: General Finance
Company: Reuters
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