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 Rising Wedge Quiz 2

Released 10/25/2019.

Rising Wedge 2: Quiz

Below is a slider quiz to test your ability to identify rising wedges 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
I show a rising wedge at A (or is it?). The chart pattern sees price bounce from side to side of the pattern, filling the space between the two converging and rising trendlines. In this example, price breaks out upward. That's unusual because the breakout is downward 60% of the time (which is close to random, really). As to the inset, if I draw the lines differently, the rising wedge becomes a symmetrical triangle. Either interpretation is correct. Both breakout upward, so both are bullish. I actually prefer interpretation B, not A.
2 / 7
chart pattern
Find as many rising wedges as you can. For help, click here.
3 / 7
chart pattern
Heeere's the rising wedge. Let's try again. (Next slide, please)...
4 / 7
chart pattern
This is from Abbott labs. I glued parts of the chart together. Find as many rising wedges as you can.
5 / 7
chart pattern
I show two rising wedges. Let's trade one.
6 / 7
chart pattern
This rising wedge has a downward breakout. How far will price drop before it turns? Select one of the green lines A, B, C, or D.
7 / 7
chart pattern
Line A is the correct choice

See Also

 
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