As of 01/27/2023
  Indus: 33,978 +28.67 +0.1%  
  Trans: 14,483 +191.14 +1.3%  
  Utils: 968 +1.08 +0.1%  
  Nasdaq: 11,622 +109.30 +0.9%  
  S&P 500: 4,071 +10.13 +0.2%  
YTD
 +2.5%  
 +8.1%  
 +0.0%  
 +11.0%  
 +6.0%  
  Targets    Overview: 01/13/2023  
  Up arrow34,900 or 33,150 by 02/01/2023
  Up arrow15,100 or 13,500 by 02/01/2023
  Up arrow1,040 or 950 by 02/01/2023
  Up arrow12,400 or 11,000 by 02/15/2023
  Up arrow4,100 or 3,800 by 02/01/2023
As of 01/27/2023
  Indus: 33,978 +28.67 +0.1%  
  Trans: 14,483 +191.14 +1.3%  
  Utils: 968 +1.08 +0.1%  
  Nasdaq: 11,622 +109.30 +0.9%  
  S&P 500: 4,071 +10.13 +0.2%  
YTD
 +2.5%  
 +8.1%  
 +0.0%  
 +11.0%  
 +6.0%  
  Targets    Overview: 01/13/2023  
  Up arrow34,900 or 33,150 by 02/01/2023
  Up arrow15,100 or 13,500 by 02/01/2023
  Up arrow1,040 or 950 by 02/01/2023
  Up arrow12,400 or 11,000 by 02/15/2023
  Up arrow4,100 or 3,800 by 02/01/2023

Bulkowski's Inverted and Descending Scallops Quiz

Released 12/7/2019.

Inverted and Descending Scallops: Quiz

Below is a slider quiz to test your ability to identify inverted and descending scallops and trade them. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.

 

1 / 7
chart pattern
The inverted and descending scallop is a chart pattern you'll see a lot which is why I don't talk about it much. If I were to show all of those I found each Friday, it would take me hours to log all of them and a similar time for the webpage to load. I show two of them on this chart. The first starts at A and ends at B. Notice that the bottom of A is above the bottom of B. Price at the top of the pattern rounds over (or it's supposed to, but be flexible). The CD pattern is better looking than AB. Given that price ends the pattern at the bottom, the breakout is usually downward.
2 / 7
chart pattern
Find as many inverted and descending scallop as you can. For help, click here.
3 / 7
chart pattern
Here they are, two of them. When I try to gauge roundness of the top, I usually use the price highs not the lows in the turn. The red line touches the price lows. Have I confused you?
4 / 7
chart pattern
Let's try again. Find as many inverted and descending scallop as you can.
5 / 7
chart pattern
Of the three, A looks best, B has an irregular shape, and C is a bit pointed. If you found only A, that's fine.
6 / 7
chart pattern
The scallop is in the upper right of the chart. At point A, the stock breaks out downward. How far down will price go, to B, C, D, or none of the above?
7 / 7
chart pattern
How far will price drop? Line B is the correct answer.

See Also

 
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