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Support this site! Clicking the links (below) takes you to Amazon.com. If you buy ANYTHING, they pay for the referral. My books...
Encyclopedia of Chart Patterns 2nd Edition book.
Chart Patterns: After the Buy
Getting Started in Chart Patterns, Second Edition book.
Trading Basics: Evolution of a Trader book.
Fundamental Analysis and Position Trading: Evolution of a Trader book.
Swing and Day Trading: Evolution of a Trader book.
Visual Guide to Chart Patterns book.
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Bulkowski on Scoring Descending Scallops
Class Elliott Wave Fundamentals Psychology Quiz Studies Setups Software Tutorials More...
Busted
Patterns		 Candles Chart
Patterns		 Event
Patterns		 Small Patterns
As of 04/23/2025
  Indus: 39,607 +419.59 +1.1%  
  Trans: 13,510 +141.53 +1.1%  
  Utils: 1,027 +1.67 +0.2%  
  Nasdaq: 16,708 +407.63 +2.5%  
  S&P 500: 5,376 +88.10 +1.7%  
YTD
-6.9%  
-15.0%  
 +4.5%  
-13.5%  
-8.6%  
  Targets    Overview: 04/11/2025  
  Down arrow37,700 or 42,000 by 05/01/2025
  Up arrow14,400 or 12,500 by 05/01/2025
  Up arrow1,050 or 900 by 05/01/2025
  Down arrow15,250 or 17,600 by 05/01/2025
  Down arrow4,900 or 5,600 by 05/01/2025
As of 04/23/2025
  Indus: 39,607 +419.59 +1.1%  
  Trans: 13,510 +141.53 +1.1%  
  Utils: 1,027 +1.67 +0.2%  
  Nasdaq: 16,708 +407.63 +2.5%  
  S&P 500: 5,376 +88.10 +1.7%  
YTD
-6.9%  
-15.0%  
 +4.5%  
-13.5%  
-8.6%  
  Targets    Overview: 04/11/2025  
  Down arrow37,700 or 42,000 by 05/01/2025
  Up arrow14,400 or 12,500 by 05/01/2025
  Up arrow1,050 or 900 by 05/01/2025
  Down arrow15,250 or 17,600 by 05/01/2025
  Down arrow4,900 or 5,600 by 05/01/2025

Written by and copyright © 2005-2025 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 the registered trademarks of their respective owners.

My book, Trading Classic Chart PatternsTrading Classic Chart Patterns book., pictured on the right, has additional details on this scoring system.

If you click on this link and then buy the book (or anything) at Amazon.com, the referral will help support this site. Thanks. -- Tom Bulkowski

$ $ $

This page scores descending scallop chart patterns. Patterns with scores above 0 show gains averaging 34% (upward breakouts) and declines averaging 21% (downward breakouts). Scores below 0 show gains of 10% and declines of 10%. High scores do not guarantee good performance, nor does a low score mean you found a stinker.

 

Scoring for Descending Scallops

Please provide the following information:

What is the highest price in the chart pattern?

What is the lowest price in the chart pattern?

What is the highest price for the stock over the last 52 weeks?

What is the lowest price for the stock over the last 52 weeks?

How many shares of stock are outstanding?

What is the (anticipated) breakout price (up breakout use right rim high; down breakout use chart pattern low)?

What direction is the breakout?
Up Down

Trend start: How long is the price trend leading to the start of the chart pattern?
0-3 months 3-6 months Over 6 months

Breakout volume: Is breakout volume above the 30-day average? If no breakout yet, answer No.
Yes No

Gaps: Did a gap occur on the breakout (if no breakout yet, answer No)?
Yes No


-- Thomas Bulkowski

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Enter Symbol

Chart Quote
This loads yahoo!finance then use the Key Statistics link to find the 52-week high, low, and shares outstanding.

See Also

Written by and copyright © 2005-2025 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 the registered trademarks of their respective owners. If you have a difficult task, give it to a lazy man. He will find an easier way.