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 Rectangle Tops Quiz

 

Released 9/27/2019.

Rectangle Tops: Quiz

Below is a slider quiz to test your ability to identify rectangle tops 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
This is a good example of a rectangle top, even though it doesn't perform that well. Price trends upward into the pattern (A), and that distinguishes it from a rectangle bottom. The rectangle top is at B. Price moves horizontally and crosses the pattern from top to bottom and back again, touching each trendline at least 3 times (optimally but a minimum of 5 is a good benchmark). In this example, price make a partial decline at C, correctly predicting an upward breakout, which happens at D. The breakout can be any direction but is upward 63% of the time. Volume trends downward 70% of the time, too. This rectangle has an upward volume trend (E).
2 / 7
chart pattern
Find as many rectangle tops (and one rectangle bottom) as you can. For help, click here.
3 / 7
chart pattern
This shows a rectangle bottom at B (B is in the middle of a longer-term downtrend) and the rectangle top is at A. B isn't a good example of a rectangle bottom because it's too short and doesn't have as many touches as I like to see. It's more of a knot of congestion than a rectangle, I think.
4 / 7
chart pattern
Find as many rectangle tops as you can.
5 / 7
chart pattern
Here they are, A and B. Rect A looks loose. B looks tight. Tight patterns often perform better than loose ones (I tested this on high and tight flags I think). Regardless, B looks better than A.
6 / 7
chart pattern
The rectangle top is in red on the far right top of the chart. It has a downward breakout at A. How far will price drop? Pick one of the green lines.
7 / 7
chart pattern
The rectangle top is in red. Price drops to line 2 before recovering.

See Also

 
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