Megaphone Pattern – Definition, Trading Strategies & Example

The Megaphone pattern is a well-known chart formation that indicates periods of high volatility. Its shape resembles a reversed symmetrical triangle where the price forms higher highs and lower lows. This pattern is characterized by wide price swings, making traders adopt a cautious stance.This pattern is used in technical analysis to ensure profitable CFD trading. It is important to correctly identify the Megaphone pattern, determine the trend, and choose a trading style and strategy. Mastering