As of 11/27/2020
  Indus: 29,910 +37.90 +0.1%  
  Trans: 12,561 -59.99 -0.5%  
  Utils: 873 -7.80 -0.9%  
  Nasdaq: 12,206 +111.45 +0.9%  
  S&P 500: 3,638 +8.70 +0.2%  
YTD
 +4.8%  
 +15.2%  
-0.7%  
 +36.0%  
 +12.6%  
  Targets    Overview: 11/12/2020  
  Up arrow30,700 or 28,250 by 12/15/2020
  Up arrow13,500 or 11,700 by 12/15/2020
  Up arrow950 or 850 by 12/01/2020
  Up arrow12,500 or 11,200 by 12/01/2020
  Up arrow3,750 or 3,400 by 12/01/2020
CPI (updated daily): Arrows on 11/2/20
As of 11/27/2020
  Indus: 29,910 +37.90 +0.1%  
  Trans: 12,561 -59.99 -0.5%  
  Utils: 873 -7.80 -0.9%  
  Nasdaq: 12,206 +111.45 +0.9%  
  S&P 500: 3,638 +8.70 +0.2%  
YTD
 +4.8%  
 +15.2%  
-0.7%  
 +36.0%  
 +12.6%  
  Targets    Overview: 11/12/2020  
  Up arrow30,700 or 28,250 by 12/15/2020
  Up arrow13,500 or 11,700 by 12/15/2020
  Up arrow950 or 850 by 12/01/2020
  Up arrow12,500 or 11,200 by 12/01/2020
  Up arrow3,750 or 3,400 by 12/01/2020
CPI (updated daily): Arrows on 11/2/20

Bulkowski's Descending Triangle Quiz

 

Released 12/20/2019.

Descending Triangles: Quiz

Below is a slider quiz to test your ability to identify descending triangles and trade them. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.

 

1 / 7
chart pattern
The descending triangle, shown here in red, has a flat bottom and down-sloping top. The two trendlines outlining the pattern converge at the triangle's apex. Although the triangle is supposed to breakout downward, recent tests reveal that it breaks out upward 53% of the time. Price should cross the pattern from top to bottom plenty of times, filling the white space with price movement. This example has a downward breakout. Let's try to find some in the next slide.
2 / 7
chart pattern
Find as many descending triangles as you can. For help, click here. Answers appear on the next slide.
3 / 7
chart pattern
Point B marks the head of a very nice looking head-and-shoulders top. Tell your neighbors! Outlined in red is the triangle. The apex often, but not always, marks a turning point. Notice that price forms a minor high at B, directly above A. You'll see this behavior often, but the turn can be within a day or two of the triangle's apex. And the turn doesn't have to be lasting (forming a new trend like you see here). Rather, it's short, like a minor high. Let's try again to find more triangles.
4 / 7
chart pattern
Find as many descending triangles as you can. Answers appear on the next slide.
5 / 7
chart pattern
This one has an upward breakout. Let's try to trade them next.
6 / 7
chart pattern
This descending triangle has a downward breakout. How far will price drop? Has it found the ultimate low at A (where price is at now), B, C, or none of the above? The next slide has the answer.
7 / 7
chart pattern
Choice B is the correct answer. This is the end of the quiz.

See Also

 
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