Bulkowski's High and Tight Flags Quiz

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.

Where's the high and tight flag? (Look for price to double in <= 2 months). For help, click here.

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.

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).

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.