Technical Analysis has long been the domain of institutional houses and professional money managers. This is largely a result of the manually intensive nature of Technical Analysis. Now the process has been automated so that Technical Events are available to you at the click of a button.
Technical Analysis is the practice of anticipating price changes of a financial instrument by analyzing prior price changes and looking for patterns and relationships in price history.
Technical Events occur when a significant pattern has formed or a significant price activity has occurred in a financial instrument. Technical Events™ highlight price situations that may be worth considering in researching an investment activity.
For each instrument, the daily and weekly charts are analyzed to identify various types of Technical Events. Some event are bullish suggesting a rising price, while others are bearish suggesting a falling price. They are organized into four Technical Event Classes based on characteristics they have in common. To learn about specific event classes and types, click on the tabs below.
New Technical Event On JNPR
A Megaphone Bottom also known as a Broadening Bottom is considered a bullish signal, indicating that the current downtrend may reverse to form a new uptrend. The pattern shows the price range broadening as it reaches a series of higher highs and lower lows. The technical event occurs after a certain number of peaks and troughs have formed, and prices break above the higher high and fail to fall below this level again.
