As of 09/26/2022
  Indus: 29,261 -329.60 -1.1%  
  Trans: 11,999 -129.90 -1.1%  
  Utils: 953 -25.04 -2.6%  
  Nasdaq: 10,803 -65.01 -0.6%  
  S&P 500: 3,655 -38.19 -1.0%  
YTD
-19.5%  
-27.2%  
-2.8%  
-30.9%  
-23.3%  
  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 arrow1,000 or 950 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 09/26/2022
  Indus: 29,261 -329.60 -1.1%  
  Trans: 11,999 -129.90 -1.1%  
  Utils: 953 -25.04 -2.6%  
  Nasdaq: 10,803 -65.01 -0.6%  
  S&P 500: 3,655 -38.19 -1.0%  
YTD
-19.5%  
-27.2%  
-2.8%  
-30.9%  
-23.3%  
  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 arrow1,000 or 950 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 Pipe Top Quiz

Released 9/19/2019.

Pipe Top: Quiz

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

 

1 / 5
chart pattern
All of the charts in this quiz are on the weekly scale. I show three chart patterns. The diamond bottom is a nice example of a diamond. This one is symmetrical. It looks like a diamond, which is actually rare for the pattern. Often you'll see the diamond shape tilted to one side. The next pattern is a pipe bottom which we discussed a few weeks ago (click the link to take the quiz). The last pattern, shown with a single P, is a pipe top (two of them). Let's talk about the red P. A pipe top has two upward spikes that tower above the surrounding landscape and they are longer than the average spike over the prior year. You want to see unusually tall twin towers. Volume really doesn't matter much, but you'll find the right spike will have lower volume than the left one. The pattern confirms as a valid pipe when the stock closes below the lower of the two spikes.
2 / 5
chart pattern
Find as many pipe tops as you can. For help, click here.
3 / 5
chart pattern
Here are three pipe tops that I found. The twin spikes are taller than other spikes which precede them. They all confirm, too.
4 / 5
chart pattern
Find as many pipe tops as you can plus a horn bottom.
5 / 5
chart pattern
Here they are.

See Also

 
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