Bulkowski's Boeing Trading Quiz

In this quiz, I'm focusing on patterns shown on the weekly scale. You can find several chart patterns, such as a double top and a broadening top, but I'm looking for only these: pipe tops and bottoms, upside and downside weekly reversals.

This chart is on the weekly scale.

Note how the three pipe tops appear at the tops of major turns (2/2000, 5/01 and 3/02, with a P above the price).

Pipe bottoms appear as a P also, and I only show 4 of them. They appear in 2/2000, 9/03, 10/03, and 7/05. Pipe bottoms fail infrequently, but don't stake your reputation on them issuing a reliable trading signal (like any chart pattern). Since they appear on the weekly scale, price may slip far before the pattern confirms.

Upside (U) and downside (D) weekly reversals I find are unreliable. I only show a few of them on the chart as they appear like rats in a corn silo. Note that these reversals are outside weeks with a close either above or below the prior high/low.

I show drawings of the four patterns in blue on the chart. Before you make a trade, it's always wise to check a higher and lower time scale than the one you usually use. Chart patterns appearing on those scales may help you determine whether your trade will work or not.