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%
|
44,200 or 41,750 by 01/01/2025
16,100 or 17,700 by 01/01/2025
1,050 or 975 by 01/01/2025
20,500 or 19,300 by 01/01/2025
6,100 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%
| |
44,200 or 41,750 by 01/01/2025
16,100 or 17,700 by 01/01/2025
1,050 or 975 by 01/01/2025
20,500 or 19,300 by 01/01/2025
6,100 or 5,775 by 01/01/2025
| ||
Volume trends up or down. I consider the trend, found using linear regression from the start of the chart pattern to the end, separate from the volume shape. Although volume may have a U, dome, or random shape, volume may trend up or down.
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The slope of the volume line found using linear regression was upward. The following patterns performed better with a rising volume trend from the start of the chart pattern to the end. There are 30 chart pattern variations listed.
Chart Patterns in Bull Markets |
Big W, up breakouts |
Broadening bottoms, downward breakouts |
Broadening formations, right-angled and descending, up or down breakouts |
Broadening wedges, descending, down breakouts |
Diamond bottom, up or down breakouts |
Diamond top, up breakouts |
Head-and-shoulders bottoms, complex |
Head-and-shoulders tops |
Head-and-shoulders tops, complex |
Horn bottoms |
Island reversals, up breakouts |
Pennants, up breakouts |
Rectangle bottoms, up or down breakouts |
Rectangle tops, down breakouts |
Rounding bottoms |
Scallops, ascending, up and down breakouts |
Scallops, ascending and inverted |
Scallops, descending, up breakouts |
Three rising valleys |
Triangles, ascending, up breakouts |
Triangles, descending, up breakouts |
Triangles, symmetrical, down breakouts |
Triple bottoms |
Triple tops |
Wedges, falling, up breakouts |
Wedges, rising, up breakouts |
The slope of the volume line found using linear regression was downward. The following patterns performed better with a falling volume trend from the start of the chart pattern to the end. There are 31 chart pattern variations listed.
Chart Patterns in Bull Markets |
Big W, down breakouts |
Broadening bottoms, upward breakouts |
Broadening formations, right-angled and ascending, up or down breakouts |
Broadening tops, up or down breakouts |
Broadening wedges, descending, up breakouts |
Cup with handle, inverted |
Double bottoms, Adam &Adam |
Double bottoms, Adam &Eve |
Double bottoms, Eve & Adam |
Double bottoms, Eve & Eve |
Double tops, Adam & Adam |
Double tops, Eve & Adam |
Flags, both up and down breakouts |
Flags, high and tight, both up and down breakouts |
Head-and-shoulders bottoms |
Islands, long, up and down breakouts |
Pipe bottoms |
Pipe tops |
Rectangle tops, up breakouts |
Rounding tops, up breakouts |
Scallops, descending and inverted |
Triangles, ascending, down breakouts |
Triangles, descending, down breakouts |
Triangles, symmetrical, up breakouts |
Wedges, falling, down breakouts |
Wedges, rising, down breakouts |
The following patterns show no performance improvement when sorted by the volume trend. There are 15 chart pattern variations listed.
Chart Patterns in Bull Markets |
Broadening wedges, ascending, up or down breakouts |
Bum-and-run reversal bottoms |
Bum-and-run reversal tops |
Cup with handle |
Diamond top, down breakouts |
Double tops, Adam & Eve |
Double tops, Eve & Eve |
Horn tops |
Island reversals, down breakouts |
Pennants, down breakouts |
Rounding tops, down breakouts |
Scallops, descending, up or down breakouts |
Three falling peaks |
-- Thomas Bulkowski
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