As of 07/23/2024
  Indus: 40,358 -57.35 -0.1%  
  Trans: 15,656 -244.42 -1.5%  
  Utils: 952 -5.51 -0.6%  
  Nasdaq: 17,997 -10.22 -0.1%  
  S&P 500: 5,556 -8.67 -0.2%  
YTD
 +7.1%  
-1.5%  
 +8.0%  
 +19.9%  
 +16.5%  
  Targets    Overview: 07/12/2024  
  Up arrow41,500 or 40,000 by 08/01/2024
  Up arrow16,500 or 15,600 by 08/01/2024
  Up arrow1,000 or 910 by 08/01/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024
As of 07/23/2024
  Indus: 40,358 -57.35 -0.1%  
  Trans: 15,656 -244.42 -1.5%  
  Utils: 952 -5.51 -0.6%  
  Nasdaq: 17,997 -10.22 -0.1%  
  S&P 500: 5,556 -8.67 -0.2%  
YTD
 +7.1%  
-1.5%  
 +8.0%  
 +19.9%  
 +16.5%  
  Targets    Overview: 07/12/2024  
  Up arrow41,500 or 40,000 by 08/01/2024
  Up arrow16,500 or 15,600 by 08/01/2024
  Up arrow1,000 or 910 by 08/01/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024

Bulkowski's Double Bottom Quiz

Released 6/7/2019.

Double Bottom: Quiz

Below is a slider quiz to test your ability to identify double bottoms (Adam & Adam) and trade them. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.

 

1 / 5
chart pattern
This quiz is more about double bottoms than it is about the Adam & Adam variety. Look for two downward spikes, separated by a peak between the valleys. Volume should trend lower from the first bottom to the second (but don't worry if it trends upward). AB is the double bottom in this case. C is the peak between the two valleys. When price closes above C, it confirms the double bottom as a valid one. That happens to the right of D. The time between the two valleys is often a month or more, but I don't put such a limitation on double bottoms. The Adam term refers to the shape of the bottom. Adam valleys are narrow, often one lone spike as in this case. Eve bottoms are wider and more rounded looking. If you use Patternz, it'll make the distinction for you.
2 / 5
chart pattern
Find as many double bottoms as you can. For help, click here.
3 / 5
chart pattern
The double bottom is at AB even though the two bottoms aren't equal. They are close enough. CC is not a double bottom. Why? Because the stock closes below the lower of the two bottoms on the way to A. In other words, the pattern does not confirm as a valid one. Technically, DD fails the confirmation test, also. You probably can't see it, but the spike at E doesn't close above the green line, so the double bottom doesn't confirm. F is better called a triple bottom.
4 / 5
chart pattern
Try again. Find as many double bottoms as you can.
5 / 5
chart pattern
Double bottoms are AA, BB, CC, and DD. It might appear that EC is another double bottom, but it's not. E is not a minor low, so it doesn't count as a valley. That would leave a double bottom at BC, and those two bottoms are just too far apart in price to be called 'equal.'

See Also

 
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