As of 09/28/2022
  Indus: 29,684 +548.75 +1.9%  
  Trans: 12,457 +303.78 +2.5%  
  Utils: 945 +10.61 +1.1%  
  Nasdaq: 11,052 +222.14 +2.1%  
  S&P 500: 3,719 +71.75 +2.0%  
YTD
-18.3%  
-24.4%  
-3.7%  
-29.4%  
-22.0%  
  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 9/28/22
As of 09/28/2022
  Indus: 29,684 +548.75 +1.9%  
  Trans: 12,457 +303.78 +2.5%  
  Utils: 945 +10.61 +1.1%  
  Nasdaq: 11,052 +222.14 +2.1%  
  S&P 500: 3,719 +71.75 +2.0%  
YTD
-18.3%  
-24.4%  
-3.7%  
-29.4%  
-22.0%  
  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 9/28/22

Bulkowski's Pipe Bottom Quiz

Released 9/6/2019.

Pipe Bottoms: Quiz

Below is a slider quiz to test your ability to identify pipe bottoms 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
chart pattern
All of the charts in this quiz are on the weekly scale. Pipe bottoms, shown here as P (two of them) are twin downward price spikes which are longer than most of the prior year's spikes. They are two adjacent weeks with the weeks surrounding the pipe pattern having lows well above the pipes. In other words, if this were a forest upside down, the pipe pattern would stand well above the surrounding trees. Price confirms the pattern when it closes above the top of the higher of the two spikes. If it doesn't do that, then you don't have a pipe. I show confirmation on this chart by the horizontal red line at A.
2 / 6
chart pattern
Your turn. Find as many pipe bottoms as you can. For help, click here.
3 / 6
chart pattern
The valid pipes are labeled quite cleverly with a P. The twin bottoms at points A (two of them) are probably not pipes because the spikes aren't long enough. Compare the valid pipes with those at the two As. Let's try again. (Next slide please...)
4 / 6
chart pattern
Find as many pipe bottoms as you can.
5 / 6
chart pattern
The pipes are labeled P. The three U points are not pipes because they are not confirmed (price doesn't close above the taller of the two spikes) before closing below the bottom of the pattern. The pipe on the far right bottom of the chart has confirmed as a valid pipe. How far up will price rise? Pick one of the numbers in green.
6 / 6
chart pattern
The pipe is the lowest one on the page leading to a nice rise. The correct answer is line 2.

See Also

 
Top of page
 

 

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 notices: "As an Amazon Associate I earn from qualifying purchases." Paid links).

My novels:  Bedroom to Boardroom book Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of chart patterns book Encyclopedia of Chart Patterns 3rd Edition book Trading classic chart patterns book

Copyright © 2005-2022 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.
Home Advertise Contact Donate Links Privacy/Disclaimer