Bulkowski's Extended V-Top Quiz

Shown in red is an extended V-top chart pattern. Look for price to make a straight-line run upward with few or no pauses (A to B). Price at the top of the inverted V will form a one-day reversal, island reversal, or tail, usually on heavy volume. Price on the right side (C) must retrace at least 38.2% of the left side. Look for price to pause on the way down (D). Often this pause will look like a flag, sloping slightly upward. The pause is the extension. The duration of the pattern is from 3 weeks to 3 months. A close below C is the breakout. On the next slide, let's try to find some extended V-tops.

Find as many extended V-tops as you can. For help, click here. The next slide shows the pattern(s), if any.

I show the extended V-top in red. Shall we try again? Next slide...

Find as many extended V-tops as you can and one regular V-top. The next slide shows the pattern(s), if any.

The correct extended V-top is pattern B. Pattern A is a normal V-top. Let's try trading them in the next slide.

Shown in red is the extended V-top. It has a downward breakout at A. How far down does price drop? Does it reach line B, C, D, E, or none of the above? Answer on the next slide.

The correct answer is line E.