As of 01/24/2020
  Indus: 28,990 -170.36 -0.6%  
  Trans: 11,060 -83.58 -0.8%  
  Utils: 932 +3.37 +0.4%  
  Nasdaq: 9,315 -87.57 -0.9%  
  S&P 500: 3,295 -30.07 -0.9%  
YTD
 +1.6%  
 +1.5%  
 +6.0%  
 +3.8%  
 +2.0%  
  Targets    Overview: 01/14/2020  
  Up arrow29,500 or 28,300 by 02/01/2020
  Up arrow11,500 or 10,700 by 02/01/2020
  Up arrow1,025 or 900 by 02/01/2020
  Up arrow9,600 or 8,900 by 02/01/2020
  Up arrow3,350 or 3,200 by 02/01/2020
As of 01/24/2020
  Indus: 28,990 -170.36 -0.6%  
  Trans: 11,060 -83.58 -0.8%  
  Utils: 932 +3.37 +0.4%  
  Nasdaq: 9,315 -87.57 -0.9%  
  S&P 500: 3,295 -30.07 -0.9%  
YTD
 +1.6%  
 +1.5%  
 +6.0%  
 +3.8%  
 +2.0%  
  Targets    Overview: 01/14/2020  
  Up arrow29,500 or 28,300 by 02/01/2020
  Up arrow11,500 or 10,700 by 02/01/2020
  Up arrow1,025 or 900 by 02/01/2020
  Up arrow9,600 or 8,900 by 02/01/2020
  Up arrow3,350 or 3,200 by 02/01/2020

Bulkowski's Inverted and Ascending Scallop Quiz

 

Released 11/29/2019.

Inverted and Ascending Scallop: Quiz

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

 

1 / 5
chart pattern
The inverted and ascending scallop. This pattern is all over the place but it's not talked about much. Did anyone mention it at your last dinner party? I rest my case. Look for a straight-line run up at the start followed by a rounded looking retrace at the top of the pattern. The retrace drops price some on the right side, but doesn't come near the bottom of the pattern. The BAC turn shows an example of the scallop pattern. The pattern resembles an inverted and backward J. Price often retraces 50% or so of the prior up move. Volume trends downward 70% of the time (which is the case here).
2 / 5
chart pattern
Find as many inverted and ascending scallops as you can. For help, click here.
3 / 5
chart pattern
Here they are, two of them at A and B.
4 / 5
chart pattern
Try once more: Find as many inverted and ascending scallops as you can.
5 / 5
chart pattern
I show three on this chart. One feature of the pattern you should look for is the appearance of them in an uptrend. If you see three of them and they get shorter the higher up the price trend, then the third one might spell the end of the uptrend. But I've also see the reverse, where they get wider as they climb the trend. Either way, it could mean the end of the uptrend.

See Also

 
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