As of 11/29/2023
  Indus: 35,430 +13.44 +0.0%  
  Trans: 14,817 +0.30 +0.0%  
  Utils: 862 -5.36 -0.6%  
  Nasdaq: 14,258 -23.27 -0.2%  
  S&P 500: 4,551 -4.31 -0.1%  
YTD
 +6.9%  
 +10.6%  
-10.8%  
 +36.2%  
 +18.5%  
  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 11/29/2023
  Indus: 35,430 +13.44 +0.0%  
  Trans: 14,817 +0.30 +0.0%  
  Utils: 862 -5.36 -0.6%  
  Nasdaq: 14,258 -23.27 -0.2%  
  S&P 500: 4,551 -4.31 -0.1%  
YTD
 +6.9%  
 +10.6%  
-10.8%  
 +36.2%  
 +18.5%  
  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 on Scoring Symmetrical Triangles

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

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

-- Tom Bulkowski

$ $ $

This page scores symmetrical triangle chart patterns. Patterns with scores above 0 show gains averaging 46% (upward breakouts) or declines averages 29% (downward breakouts). Scores below 0 show gains of 19% and declines of 16%. High scores do not guarantee good performance, nor does a low score mean you found a stinker.

 

Scoring for Symmetrical Triangles

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 (use trendline pierce price)?

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

Horizontal consolidation region: Is overhead resistance in the way of price movement?
Yes No

Volume trend: Skip if breakout is upward. Is volume trending up or down in the chart pattern?
Up Down

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

Throwbacks or pullbacks: Do you think a throwback (upward breakout) or pullback (downward breakout) will occur (usually answer Yes)?
Yes No

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

Market trend: Skip if breakout is downward. Is the general market trending up or down?
Up Down


Enter Symbol

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

-- Thomas Bulkowski

Top of page More

See Also

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

My novels:  Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of Chart Patterns 3rd Edition book

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