Below is a slider quiz to test your ability to identify V-tops. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.
1 / 5
I show a V-top chart pattern starting from the low at A, rising in a straight-line run up to B, then retracing to C. In V-tops, look for price to make a straight-line
run upward with few or no pauses. Price at the top of the inverted V will form a one-day reversal, island reversal, or tail, usually on heavy volume. Price on the right side must retrace
at least 38.2% of the left side. When price retraces 38.2% of the left side, then that's the breakout. The pattern is from 3 weeks to 3 months wide. There should be no pause between the
V-top and the breakout (38.2% retrace value). Otherwise, it's an extended V-top.
2 / 5
Find as many V-top chart patterns as you can. For help, click here. The next slide shows the pattern(s), if any.
3 / 5
I show one valid V-top in red. The circled area shows a defined retrace in a downtrend, so the pattern highlighted in green is not a V-top. Rather, it's probably better
classified as an extended V-top. Let's try again to find a V top in the next slide.
4 / 5
Find as many V-top chart patterns as you can. The next slide shows the pattern(s), if any.
5 / 5
I show one valid V-top, highlighted here in red. Price moves up from the March low to peak at A and retrace at least 38.2% to B. Then price resumes trending upward.
The circled area removes the green pattern from being a V-top (meaning the circled retrace is not a straight-line run up to the peak).