As of 05/30/2023
Indus: 33,043 -50.56 -0.2%
Trans: 13,966 +62.22 +0.4%
Utils: 892 -1.41 -0.2%
Nasdaq: 13,017 +41.74 +0.3%
S&P 500: 4,206 +0.07 +0.0%
|
YTD
-0.3%
+4.3%
-7.8%
+24.4%
+9.5%
|
33,950 or 32,000 by 06/15/2023
14,600 or 13,350 by 06/15/2023
935 or 880 by 06/15/2023
13,600 or 12,200 by 06/15/2023
4,350 or 4,000 by 06/15/2023
|
|
As of 05/30/2023
Indus: 33,043 -50.56 -0.2%
Trans: 13,966 +62.22 +0.4%
Utils: 892 -1.41 -0.2%
Nasdaq: 13,017 +41.74 +0.3%
S&P 500: 4,206 +0.07 +0.0%
|
YTD
-0.3%
+4.3%
-7.8%
+24.4%
+9.5%
|
33,950 or 32,000 by 06/15/2023
14,600 or 13,350 by 06/15/2023
935 or 880 by 06/15/2023
13,600 or 12,200 by 06/15/2023
4,350 or 4,000 by 06/15/2023
|
|
Bulkowski's Falling Wedge Quiz
Released 6/21/2019.
Falling Wedge: Quiz
Below is a slider quiz to test your ability to identify falling 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
This is a falling wedge (C). Price follows two converging and descending trendlines which join at an apex sometime in the future. The volume trend is downward 75% of the
time leading to the breakout. In this example, the only hint of a falling volume trend are the three volume spikes at B (otherwise it looks flat). The measure rule, which is really a
guideline, says price should rise (for an upward breakout) at least to the price at the top of the pattern (C). A downward breakout happens at A, and that's unusual because it occurs just 32% of the time.
3 / 6
Here are the patterns. A and B are the falling wedges. CD is a double top. E is the V-bottom and F is a diamond even though I cut through the top spike. Yes, you may have
to use your imagination on the diamond...
5 / 6
A is the falling wedge. B is the scallop. The wedge breaks out upward at C. How far will price rise (pick 1, 2, 3, or 4, one of the green lines).
6 / 6
Line 4 is the correct answer. Price at A climbed to the top of the pattern, fulfilling the measure rule, before dropping to B and busting the pattern.
❮
❯
See Also
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.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
Copyright © 2005-2023 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.