a bullish reversal pattern in technical analysis that forms during a downtrend. Characterized by increasing volatility, it is outlined by two downward-sloping, diverging trendlines that form a megaphone shape. The pattern indicates a potential long-term trend reversal where bearish momentum is weakening, and bullish sentiment is gaining.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.