60-Days (Technical Analysis Training)

Megaphone Top Chart Pattern


This is the 34th Day course in a series of 60-Days called “Technical Analysis Training

You will get daily one series of this Training after 8 o’clock night (Dinner Finished)

Follow MoneyMunch.com Technical Analysis Directory and Learn Basic Education of Technical Analysis on the Indian Stock Market (NSE/BSE)


Megaphone Top Chart Pattern


A Megaphone Top also recognized as a Broadening Top is regarded a bearish signal, indicating that the existing uptrend may reverse to form a newer downtrend.


A Megaphone Top is a reasonably scarce creation and is also popular as a Broadening Top. Its shape is reverse to that of a Symmetrical Triangle. The pattern grows after a intense further in a stock price and can last a number of weeks or even a few months.

A Megaphone Top is developed because the stock creates a collection of higher highs and lower lows. The Megaphone Top normally is made up of three ascending peaks and two descending troughs. The signal that the pattern is finish happens when prices fall below the lower low.


Volume in the Megaphone Top generally peaks together with prices. It is normal to notice trading volumes enhance or stay high during the development of this pattern. The ultimate breakout and reversal can be complicated to determine at the time of its incident because volume does not look interesting.

Trading Considerations

Target Price

The target price produces an significant signal about the potential price move that this pattern shows. Think about whether the target price for this pattern is enough to supply appropriate comes back after your costs (such as commissions) have been taken into account. A ideal rule of thumb is that the target price must suggest a potential return of greater than 5% before a pattern should be regarded helpful, nevertheless you should consider the existing price and the volume of shares you intend to trade.

Criteria that Supports


Volume in the Megaphone Top usually peaks along with prices. A strong volume spike on the day of the pattern confirmation is a strong indicator in support of the potential for this pattern.

Underlying Behavior

The production of the pattern demonstrates a stage of time where bulls and bears are fighting to build control of the stock. The pattern takes place after the bulls have been asking and driving the stock price substantially higher. During the development of the Megaphone Top, then again, bears are applying growing impact on the stock and causing it to ready a collection of lower lows. The improving excitability ultimately produces a sense of anxiety, prospects to profit-taking, and deters many of the bulls from making any additional responsibilities. The bears ultimately triumph.

Message for you(Trader/Investor): Google has the answers to most all of your questions, after exploring Google if you still have thoughts or questions my Email is open 24/7. Each week you will receive your Course Materials. You can print it and highlight for your Technical Analysis Training.

Technical Analysis Training (60 Days – Comprehensive Course)

Short-Term Chart Patterns (15 -Days)

Short-Term Chart Patterns: (7Days)

Gap Down Chart Pattern

Gap Up Chart Pattern

Gravestone Short-term Chart Pattern

Hammer Candle Stick Chart Pattern

Hanging Man Short-term Stock Chart Pattern

Inverted Hammer Stock Chart Pattern

Shooting Star Candle Stick Pattern

Bearish Short-Term Chart Patterns: (2Days)

Engulfing Line (Outside Bearish Reversal) Chart Pattern

Island Top Chart Pattern

Bullish Short-Term Chart Patterns: (6Days)

Engulfing Line (Bullish) Chart Pattern

Exhaustion Bar Chart Pattern (Bullish)

Inside Bar Chart Pattern

Island Bottom Chart Pattern

Key Reversal Bar (Bullish) Chart Pattern

Two Bar Reversal (Bullish) Chart Pattern

Indicators & Oscillators (Total – 11Days)

Bullish or Bearish Indicators: (3Days)

• Double Moving Average Crossover
• Price Crosses Moving Average
• Triple Moving Average Crossover


Bullish or Bearish Oscillators: (9Days)


• Bollinger Bands Oscillator
• Commodity Channel Index (CCI)
• Fast Stochastic Oscillator
• Know Sure Thing (KST) Oscillator
• Momentum Oscillator
• Moving Average Convergence/Divergence (MACD) Oscillator
• Relative Strength Index (RSI)
• Slow Stochastic Oscillator
• Williams %R Oscillator

Classic Chart Patterns (Total -29Days)

Bearish Classic Chart Patterns: (14Days)


• Continuation Diamond (Bearish) Chart Pattern
• Continuation Wedge (Bearish)
• Descending Continuation Triangle Chart Pattern
• Diamond Top Chart Pattern
• Double Top Chart Pattern
• Downside Break Chart Pattern – Rectangle
• Flag Bearish Chart Pattern
• Head and Shoulders Top Chart Pattern
• Megaphone Top Chart Pattern
• Pennant Bearish Chart Pattern
• Rounded Top Chart Pattern
• Symmetrical Continuation Triangle (Bearish)
• Top Triangle/Wedge Chart Pattern
• Triple Top Chart Pattern

Bullish Classic Chart Patterns: (15Days)

• Ascending Continuation Triangle Chart Pattern
• Bottom Triangle Or Wedge Chart Pattern
• Continuation Diamond (Bullish) Chart Pattern
• Continuation Wedge Chart Pattern (Bullish)
• Cup with Handle Bullish Chart Pattern
• Diamond Bottom Chart Pattern
• Double Bottom Chart Pattern
• Flag Bullish Chart Pattern
• Head and Shoulders Bottom Chart Pattern
• Megaphone Bottom Chart Pattern
• Pennant Bullish Chart Pattern
• Round Bottom Chart Pattern
• Symmetrical Continuation Triangle Bullish
• Triple Bottom Chart Pattern
• Upside Breakout Chart Pattern – Rectangle

Education and Extras (4Days)

• Motive (Impulse) Waves

• Corrective Waves
• Bullish Trend Reversals
• Bearish Trend Reversals
• Chart Pattern Statistics


Wishing you a wonderful learning experience and the continued desire to grow your knowledge. Education is an essential part of living wisely and the Experiences of life, I hope you make it fun.

Learning how to profit in the Stock Market requires time and unfortunately mistakes which are called losses. Why not be profitable while you are learning?

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *