As of 12/20/2024
  Indus: 42,840 +498.02 +1.2%  
  Trans: 15,892 +32.54 +0.2%  
  Utils: 986 +14.76 +1.5%  
  Nasdaq: 19,573 +199.83 +1.0%  
  S&P 500: 5,931 +63.77 +1.1%  
YTD
 +13.7%  
0.0%  
 +11.9%  
 +30.4%  
 +24.3%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Down arrow16,100 or 17,700 by 01/01/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025
As of 12/20/2024
  Indus: 42,840 +498.02 +1.2%  
  Trans: 15,892 +32.54 +0.2%  
  Utils: 986 +14.76 +1.5%  
  Nasdaq: 19,573 +199.83 +1.0%  
  S&P 500: 5,931 +63.77 +1.1%  
YTD
 +13.7%  
0.0%  
 +11.9%  
 +30.4%  
 +24.3%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Down arrow16,100 or 17,700 by 01/01/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025

Bulkowski's Southwest Water (SWWC) Trading Quiz

Released 8/5/2022.

SWWC: 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 / 2
chart pattern

If you can correctly predict where price will reverse, you make a lot of money in the market as a short-term trader.

Price has reached bottom and will move back up. Where will it stall or reverse?

Answers on the next slide.
2 / 2
chart pattern

The red lines highlight peaks, where price to the left of the green line may have shown overhead resistance that projected into the future. The blue lines show valleys where price turned from down to up, projected to the left to see if it lines up with any prior peaks or valleys.

Let's take a closer look. Price shoots up from D to E in a straight-line run, hitting overhead resistance at E where it drops and finds support at A. Why A? The blue line shows that price found support in the past at B and C, but note how the run from D to E pushed right through it.

The bottom of the congestion area shown at A is also the location of a 50% Fibonacci retrace of the move from D to E.

The End.
 

See Also

 
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