As of 11/11/2019
  Indus: 27,691 +10.25 +0.0%  
  Trans: 11,030 -37.61 -0.3%  
  Utils: 830 -5.55 -0.7%  
  Nasdaq: 8,464 -11.03 -0.1%  
  S&P 500: 3,087 -6.07 -0.2%  
YTD
 +18.7%  
 +20.3%  
 +16.4%  
 +27.6%  
 +23.1%  
  Targets    Overview: 10/31/2019  
  Up arrow27,750 or 26,900 by 11/15/2019
  Up arrow11,300 or 10,100 by 11/15/2019
  Up arrow870 or 800 by 12/01/2019
  Up arrow8,500 or 8,000 by 11/15/2019
  Up arrow3,150 or 2,950 by 11/15/2019
As of 11/11/2019
  Indus: 27,691 +10.25 +0.0%  
  Trans: 11,030 -37.61 -0.3%  
  Utils: 830 -5.55 -0.7%  
  Nasdaq: 8,464 -11.03 -0.1%  
  S&P 500: 3,087 -6.07 -0.2%  
YTD
 +18.7%  
 +20.3%  
 +16.4%  
 +27.6%  
 +23.1%  
  Targets    Overview: 10/31/2019  
  Up arrow27,750 or 26,900 by 11/15/2019
  Up arrow11,300 or 10,100 by 11/15/2019
  Up arrow870 or 800 by 12/01/2019
  Up arrow8,500 or 8,000 by 11/15/2019
  Up arrow3,150 or 2,950 by 11/15/2019

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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