Broadening Tops, Megaphone, Reverse Triangles, or Funnels

Broadening patterns are sometimes called megaphones, reverse triangles, or funnels. Prices expand in range (range = high prices – low prices) over time and are the opposite of the triangle and pennant patterns.
The broadening top occurs when prices enter into the pattern from below during an uptrend. Prices then make higher highs and lower lows, each at least two times to create the proper support (line drawn below the lows, sloping down and to the right) and resistance (line drawn above the highs, sloping up and to the right sloping) that make the megaphone "<" look.