Bulkowski on Scoring Symmetrical Triangles

Written by and copyright © 2005-2022 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 Patterns, 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

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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 -- Thomas Bulkowski   More

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

Written by and copyright © 2005-2022 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 it is worth doing, it is worth overdoing.