As of 11/30/2023
  Indus: 35,951 +520.47 +1.5%  
  Trans: 15,019 +201.97 +1.4%  
  Utils: 867 +4.29 +0.5%  
  Nasdaq: 14,226 -32.27 -0.2%  
  S&P 500: 4,568 +17.22 +0.4%  
YTD
 +8.5%  
 +12.1%  
-10.4%  
 +35.9%  
 +19.0%  
  Targets    Overview: 11/29/2023  
  Down arrow34,500 or 36,400 by 12/15/2023
  Down arrow14,500 or 15,800 by 12/15/2023
  Up arrow900 or 825 by 12/15/2023
  Down arrow13,700 or 14,450 by 12/15/2023
  Down arrow4,450 or 4,650 by 12/15/2023
As of 11/30/2023
  Indus: 35,951 +520.47 +1.5%  
  Trans: 15,019 +201.97 +1.4%  
  Utils: 867 +4.29 +0.5%  
  Nasdaq: 14,226 -32.27 -0.2%  
  S&P 500: 4,568 +17.22 +0.4%  
YTD
 +8.5%  
 +12.1%  
-10.4%  
 +35.9%  
 +19.0%  
  Targets    Overview: 11/29/2023  
  Down arrow34,500 or 36,400 by 12/15/2023
  Down arrow14,500 or 15,800 by 12/15/2023
  Up arrow900 or 825 by 12/15/2023
  Down arrow13,700 or 14,450 by 12/15/2023
  Down arrow4,450 or 4,650 by 12/15/2023

Bulkowski's Blyth Trading Quiz

Released 7/15/2021.

BTH: Quiz

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

 

1 / 3
chart pattern

What chart patterns can you find? Look for the following: ugly looking diamond, three falling peaks (it's one pattern, not three of them), descending triangle, falling wedge, descending broadening wedge, channel.

Answers are on the next slide.
2 / 3
chart pattern

Unfortunately, I don't show the last 2 days on the chart. Price closes above the top of the descending triangle (far right) on volume that is slightly less than the last bar on this chart.

Question 1: Do you buy, short, or avoid trading this stock?
Question 2: If trading this one, what is the target price?
Question 3: If trading this one, what is the stop price?
The answers appear on the next slide.
3 / 3
chart pattern

Answer 1 (Buy?): Buy because of the upward breakout

Answer 2 (target?): Measure the height of the triangle from highest high to flat bottom trendline and project it upward from the breakout price. Price meets the prediction 64% of the time.

Answer 3 (stop?): Stop price would be the below the bottom of the triangle. That would mean a potential loss of just over 4%.

Price broke out upward from the triangle and then quickly reversed, hitting the stop in just days.

It happens. If you didn't have a stop in place, look at your loss if you rode it all the way down!

The End.

See Also

 
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My novels:  Remember Me book Bumper's Story book Head's Law book
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