Megaphone Pattern

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Breakout Traders:
When the price breakout the trend line after making the 5th or 7th swings and closes outside the pattern, a breakout is confirmed. Breakout may happen in positive or in a negative direction. Depending upon the market condition and the position of the pattern in the chart, bullish and bearish happens.
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Breakout with good volume
Beyond Technical AnalysisHarmonic PatternsmegaphonepatternWave Analysis

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