As of 07/10/2020
  Indus: 26,075 +369.21 +1.4%  
  Trans: 9,312 +172.05 +1.9%  
  Utils: 791 +17.12 +2.2%  
  Nasdaq: 10,617 +69.69 +0.7%  
  S&P 500: 3,185 +32.99 +1.0%  
YTD
-8.6%  
-14.6%  
-10.0%  
 +18.3%  
-1.4%  
  Targets    Overview: 06/30/2020  
  Down arrow24,000 or 27,800 by 07/15/2020
  Down arrow8,400 or 10,000 by 07/15/2020
  Up arrow825 or 700 by 07/15/2020
  Up arrow10,800 or 10,000 by 08/01/2020
  Down arrow2,900 or 3,300 by 07/15/2020
CPI (updated daily): Arrows on 7/10/20
As of 07/10/2020
  Indus: 26,075 +369.21 +1.4%  
  Trans: 9,312 +172.05 +1.9%  
  Utils: 791 +17.12 +2.2%  
  Nasdaq: 10,617 +69.69 +0.7%  
  S&P 500: 3,185 +32.99 +1.0%  
YTD
-8.6%  
-14.6%  
-10.0%  
 +18.3%  
-1.4%  
  Targets    Overview: 06/30/2020  
  Down arrow24,000 or 27,800 by 07/15/2020
  Down arrow8,400 or 10,000 by 07/15/2020
  Up arrow825 or 700 by 07/15/2020
  Up arrow10,800 or 10,000 by 08/01/2020
  Down arrow2,900 or 3,300 by 07/15/2020
CPI (updated daily): Arrows on 7/10/20

Bulkowski's Rectangle Bottoms Quiz

 

Released 10/18/2019.

Rectangle Bottoms: Quiz

Below is a slider quiz to test your ability to identify rectangle bottoms 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
Rectangle bottoms, so called because price enters the pattern from the top, are mid list performing chart patterns. The failure rate is higher than other chart patterns, but the average rise in a bull market is quite good. However, rectangle bottoms (or horizontal channels) are rare. This is an example of one at A, between the two horizontal trendlines. Price makes a partial rise at B which correctly predicts a downward breakout, C.
2 / 7
chart pattern
Find as many rectangle bottoms as you can. For help, click here.
3 / 7
chart pattern
Here's the one I found. That was easy, wasn't it?
4 / 7
chart pattern
Let's try it again. Find as many rectangle bottoms as you can.
5 / 7
chart pattern
And here they are.
6 / 7
chart pattern
This rectangle has an upward breakout, at A. How far will price rise? Pick one of the green lines.
7 / 7
chart pattern
The correct answer is line 1. It's the ultimate high (the highest high before a trend change -- a drop of 20%).

See Also

 
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