As of 09/29/2022
  Indus: 29,226 -458.13 -1.5%  
  Trans: 12,258 -199.22 -1.6%  
  Utils: 906 -38.84 -4.1%  
  Nasdaq: 10,738 -314.13 -2.8%  
  S&P 500: 3,640 -78.57 -2.1%  
YTD
-19.6%  
-25.6%  
-7.6%  
-31.4%  
-23.6%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow990 or 900 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22
As of 09/29/2022
  Indus: 29,226 -458.13 -1.5%  
  Trans: 12,258 -199.22 -1.6%  
  Utils: 906 -38.84 -4.1%  
  Nasdaq: 10,738 -314.13 -2.8%  
  S&P 500: 3,640 -78.57 -2.1%  
YTD
-19.6%  
-25.6%  
-7.6%  
-31.4%  
-23.6%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow990 or 900 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22

Bulkowski's High and Tight Flags Quiz

Released 7/12/2019.

High and Tight Flags: Quiz

Below is a slider quiz to test your ability to identify high and tight flags and trade them. Let's call them HTFs for simplicity. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.

 

1 / 5
chart pattern
The high and tight flag: It used to be the number 1 performing char pattern, but not anymore. I think the other patterns were jealous. HTFs are ranked 38 now, where 1 is the best performing. Anyway, look for price to nearly double in 2 months or less. That becomes the flagpole (the vertical red line at A). Then a flag appears. This is not a flag like we saw in last week's quiz. Rather, it's a sideways move of a few days to several weeks. I show the flag outlined in green at B. Price breaks out upward at C and then stalls, but eventually makes its way up to D before crashing. If you don't wait for price to top the flag/flagpole, you'll be making a costly mistake. Why? Because this chart pattern fails more often than it works and when it works, you'll likely see price climb 10% to 15% and then die.
2 / 5
chart pattern
Where's the high and tight flag? (Look for price to double in <= 2 months). For help, click here.
3 / 5
chart pattern
I didn't intend that last slide to be a part of the quiz but... Anyway, the flagpole is A. B is the flag. Price rises to C, about 10%, and then drops to D. If you didn't sell in a timely manner, you'd have lost almost half your investment.
4 / 5
chart pattern
Here's another HTF. The price doubles or nearly so and it takes much less than 2 months to do it. Price has broken out upward at A. Do you trade this one and if so, how far do you expect price to rise? (Guess).
5 / 5
chart pattern
Point A is the same price bar as in the last slide. Price started moving lower right from the start, hitting a low at B. It recovered to hit a new high in August but eventually dropped all the way down to 46 cents (not shown). Ouch.

See Also

 
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