As of 04/18/2024
Indus: 37,775 +22.07 +0.1%
Trans: 14,947 -39.62 -0.3%
Utils: 860 +6.95 +0.8%
Nasdaq: 15,602 -81.87 -0.5%
S&P 500: 5,011 -11.09 -0.2%
|
YTD
+0.2%
-6.0%
-2.4%
+3.9%
+5.1%
|
 39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 |
As of 04/18/2024
Indus: 37,775 +22.07 +0.1%
Trans: 14,947 -39.62 -0.3%
Utils: 860 +6.95 +0.8%
Nasdaq: 15,602 -81.87 -0.5%
S&P 500: 5,011 -11.09 -0.2%
|
YTD
+0.2%
-6.0%
-2.4%
+3.9%
+5.1%
| |
|
39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 | ||
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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Encyclopedia of Chart Patterns Second Edition
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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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