As of 09/19/2019
  Indus: 27,095 -52.29 -0.2%  
  Trans: 10,504 -72.12 -0.7%  
  Utils: 860 +3.49 +0.4%  
  Nasdaq: 8,183 +5.49 +0.1%  
  S&P 500: 3,007 +0.06 +0.0%  
YTD
 +16.1%  
 +14.5%  
 +20.6%  
 +23.3%  
 +19.9%  
  Targets    Overview: 09/12/2019  
  Down arrow26,400 or 27,600 by 10/01/2019
  Down arrow10,200 or 11,100 by 10/01/2019
  Up arrow875 or 830 by 10/01/2019
  Down arrow8,000 or 8,750 by 10/01/2019
  Down arrow2,925 or 3,050 by 10/01/2019
As of 09/19/2019
  Indus: 27,095 -52.29 -0.2%  
  Trans: 10,504 -72.12 -0.7%  
  Utils: 860 +3.49 +0.4%  
  Nasdaq: 8,183 +5.49 +0.1%  
  S&P 500: 3,007 +0.06 +0.0%  
YTD
 +16.1%  
 +14.5%  
 +20.6%  
 +23.3%  
 +19.9%  
  Targets    Overview: 09/12/2019  
  Down arrow26,400 or 27,600 by 10/01/2019
  Down arrow10,200 or 11,100 by 10/01/2019
  Up arrow875 or 830 by 10/01/2019
  Down arrow8,000 or 8,750 by 10/01/2019
  Down arrow2,925 or 3,050 by 10/01/2019

Bulkowski's Rising Wedge Quiz

 

Released 6/28/2019.

Rising Wedge: Quiz

Below is a slider quiz to test your ability to identify rising 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
A rising wedge is a bitch to find. However, I'll make it easy in these charts because I've outlined some of them. Take this chart, for example. The rising wedge fits between the wedge shaped lines, AEB. The pattern sees price bounce from red trendline to trendline plenty of times, limiting the white space between the two red lines. The two trendlines should rise and merge at the apex. Often, directly below the apex you'll see price change trend. That happens in this case at D (directly below apex E. This turn is a lasting one, but often they are not). The measure rule, which suggests, but not guarantees how far price might move after the breakout, I show as a green line at B. In other words, the price target is the bottom of the green line. That's how far you can expect price to drop (not always, of course). Volume is flat in this example (C), but typically trends downward 79% of the time until the breakout.
2 / 6
chart pattern
Find as many rising wedges as you can and look for a broadening bottom and diamond bottom, too.
3 / 6
chart pattern
The rising wedge is outlined in red at A and the diamond bottom is at B, in green, with the broadening bottom shown in brown at C. The red and green colors remind me of Christmas. Yes, the diamond looks weird but they do most of the time.
4 / 6
chart pattern
Find a rising wedge and a Adam & Eve double top.
5 / 6
chart pattern
The rising wedge is at A (red) and the double top is at BC (which confirms when price closes below green line 2). The breakout is downward at A. How far will price move? Pick one of the lines. Line 0 means it's off the chart upward, and 6 means it's off the chart, downward. Pretend line 6 is green, too.
6 / 6
chart pattern
This is one of those weird cases where price breaks out downward (A), reverses direction, and flies out the top, never to be seen again. Price peaks sometime in 2007, as I recall. Line 0 is the correct answer.

See Also

 
Top
 

 

Support this site! Clicking any of the books (below) takes you to Amazon.com. If you buy ANYTHING while there, they pay for the referral.

My novels:      New                  Bumper's Story Head's Law

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

Copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.

Home Advertise Contact Donate Links Privacy/Disclaimer