As of 05/13/2022
  Indus: 32,197 +466.36 +1.5%  
  Trans: 14,456 +136.14 +1.0%  
  Utils: 993 +9.90 +1.0%  
  Nasdaq: 11,805 +434.04 +3.8%  
  S&P 500: 4,024 +93.81 +2.4%  
YTD
-11.4%  
-12.3%  
 +1.2%  
-24.5%  
-15.6%  
  Targets    Overview: 04/26/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow16,300 or 13,900 by 05/15/2022
  Down arrow950 or 1,100 by 05/15/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,250 or 3,850 by 06/01/2022
CPI (updated daily): Arrows on 5/13/22
As of 05/13/2022
  Indus: 32,197 +466.36 +1.5%  
  Trans: 14,456 +136.14 +1.0%  
  Utils: 993 +9.90 +1.0%  
  Nasdaq: 11,805 +434.04 +3.8%  
  S&P 500: 4,024 +93.81 +2.4%  
YTD
-11.4%  
-12.3%  
 +1.2%  
-24.5%  
-15.6%  
  Targets    Overview: 04/26/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow16,300 or 13,900 by 05/15/2022
  Down arrow950 or 1,100 by 05/15/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,250 or 3,850 by 06/01/2022
CPI (updated daily): Arrows on 5/13/22

Bulkowski's Triple Bottoms Quiz

 

Released 1/3/2020.

Triple Bottoms: Quiz

Below is a slider quiz to test your ability to identify triple 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 / 7
chart pattern
Triple bottoms, like the one shown here at ACB, are composed of three minor lows which bottom near the same price. The highest peak between the three bottoms is the confirmation and breakout price. When the stock closes above that peak, D in this example, it confirms the pattern as a valid triple bottom. If price closes below the bottom of the pattern before closing above the top, then you don't have a triple bottom. This is an example of a triple bottom with valley C slightly higher than A or B, making it easy to differentiate the triple bottom from a head-and-shoulders bottom (which has valley C well below A and B).
2 / 7
chart pattern
Find as many triple bottoms as you can. For help, click here.
3 / 7
chart pattern
I show two triple bottoms in this chart, both labeled 1, 2, 3. These patterns look like big Ws with tall sides AB and CD.
4 / 7
chart pattern
Find as many triple bottoms as you can plus a double bottom.
5 / 7
chart pattern
The triple bottom is at 1, 2, 3 and the double bottom is at CD. Notice that point A isn't far above the top of the triple bottom. In this regard, this tri-bot acts as a continuation pattern (price climbs from B to A and then valley 3 upward), not a reversal. It's rare but they do occur.
6 / 7
chart pattern
This is a confirmed triple bottom at 1, 2, 3. It's hard to see, but A closes above the top of the pattern. How far will price climb, to B, C, D or E: none of the above?
7 / 7
chart pattern
The correct answer is E, none of the above. I show two ascending scallops because it's the holidays and I'm in a giving mood.

See Also

 
Top
 

 

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:  Bumper's Story Head's Law

Chart Patterns: After the Buy

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