As of 07/19/2019
  Industrials: 27,154 -68.77 -0.3%  
  Transports: 10,604 +66.69 +0.6%  
  Utilities: 820 -11.25 -1.4%  
  Nasdaq: 8,146 -60.75 -0.7%  
  S&P 500: 2,977 -18.50 -0.6%  
YTD
 +16.4%  
 +15.6%  
 +15.0%  
 +22.8%  
 +18.7%  
  Tom's Targets    Overview: 07/12/2019  
  Down arrow26,500 or 28,000 by 08/01/2019
  Down arrow10,000 or 11,000 by 08/01/2019
  Up arrow850 or 800 by 08/01/2019
  Down arrow7,950 or 8,500 by 08/01/2019
  Down arrow2,900 or 3,075 by 08/01/2019
As of 07/19/2019
  Industrials: 27,154 -68.77 -0.3%  
  Transports: 10,604 +66.69 +0.6%  
  Utilities: 820 -11.25 -1.4%  
  Nasdaq: 8,146 -60.75 -0.7%  
  S&P 500: 2,977 -18.50 -0.6%  
YTD
 +16.4%  
 +15.6%  
 +15.0%  
 +22.8%  
 +18.7%  
  Tom's Targets    Overview: 07/12/2019  
  Down arrow26,500 or 28,000 by 08/01/2019
  Down arrow10,000 or 11,000 by 08/01/2019
  Up arrow850 or 800 by 08/01/2019
  Down arrow7,950 or 8,500 by 08/01/2019
  Down arrow2,900 or 3,075 by 08/01/2019

Bulkowski's Falling Wedge Quiz

 

Released 6/21/2019.

Falling Wedge: Quiz

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

 

1 / 6
chart pattern
This is a falling wedge (C). Price follows two converging and descending trendlines which join at an apex sometime in the future. The volume trend is downward 75% of the time leading to the breakout. In this example, the only hint of a falling volume trend are the three volume spikes at B (otherwise it looks flat). The measure rule, which is really a guideline, says price should rise (for an upward breakout) at least to the price at the top of the pattern (C). A downward breakout happens at A, and that's unusual because it occurs just 32% of the time.
2 / 6
chart pattern
Find as many falling wedges as you can but also find a diamond bottom, v-bottom, and double top.
3 / 6
chart pattern
Here are the patterns. A and B are the falling wedges. CD is a double top. E is the V-bottom and F is a diamond even though I cut through the top spike. Yes, you may have to use your imagination on the diamond...
4 / 6
chart pattern
Find a falling wedge and a descending scallop.
5 / 6
chart pattern
A is the falling wedge. B is the scallop. The wedge breaks out upward at C. How far will price rise (pick 1, 2, 3, or 4, one of the green lines).
6 / 6
chart pattern
Line 4 is the correct answer. Price at A climbed to the top of the pattern, fulfilling the measure rule, before dropping to B and busting the pattern.

See Also

 
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Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Visual Guide to Chart Patterns Encyclopedia of Candlestick Charts Encyclopedia of Chart Patterns 2nd Edition Trading Classic Chart Patterns Bumper's Story Head's Law
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