As of 08/23/2019
  Indus: 25,629 -623.34 -2.4%  
  Trans: 9,740 -333.41 -3.3%  
  Utils: 832 -8.66 -1.0%  
  Nasdaq: 7,752 -239.62 -3.0%  
  S&P 500: 2,847 -75.84 -2.6%  
YTD
 +9.9%  
 +6.2%  
 +16.7%  
 +16.8%  
 +13.6%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019
As of 08/23/2019
  Indus: 25,629 -623.34 -2.4%  
  Trans: 9,740 -333.41 -3.3%  
  Utils: 832 -8.66 -1.0%  
  Nasdaq: 7,752 -239.62 -3.0%  
  S&P 500: 2,847 -75.84 -2.6%  
YTD
 +9.9%  
 +6.2%  
 +16.7%  
 +16.8%  
 +13.6%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019

Bulkowski's Complex Head-and-Shoulders Bottoms Quiz

 

Released 7/26/2019.

Complex Head-and-Shoulders Bottoms: Quiz

Below is a slider quiz to test your ability to identify complex head-and-shoulders bottoms. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.

 

1 / 5
chart pattern
I show a complex head-and-shoulders bottom chart pattern. This one has a left shoulder (L), two heads (H), and a right shoulder. The pattern can have multiple shoulders and one head (frequently) but rarely will it have multiple shoulders and multiple heads. A neckline (shown in red) joins the highest armpit on the left with the highest armpit on the right. A close above this line confirms the pattern as a valid one and is the entry signal. Often you'll see a near horizontal neckline. When the neckline tilts upward, use a horizontal line drawn starting from the highest right armpit to confirm the pattern. Otherwise, price may never close above the up-sloping neckline. Volume is typically highest on the left side of the pattern (hard to tell in this example, so I didn't try to draw it).
2 / 5
chart pattern
Find as many complex head-and-shoulder bottoms as you can. For help, click here.
3 / 5
chart pattern
Yes, this was an easy quiz. The neckline in this case slopes upward so use the horizontal green line as the breakout (entry signal).
4 / 5
chart pattern
Find as many complex head-and-shoulder bottoms as you can.
5 / 5
chart pattern
This quiz was harder than it looked. Pattern L-H-R is not a complex head-and-shoulders bottom. It's not even a valid (simple) head-and-shoulders bottom. Why not? Because the pattern doesn't confirm (meaning price doesn't close above the red neckline, A). The L1-H1-R1 pattern is a valid complex head-and-shoulders bottom, though. It has two narrow heads (at H1).

See Also

 
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