As of 04/19/2024
  Indus: 37,986 +211.02 +0.6%  
  Trans: 15,084 +136.79 +0.9%  
  Utils: 876 +15.31 +1.8%  
  Nasdaq: 15,282 -319.49 -2.0%  
  S&P 500: 4,967 -43.89 -0.9%  
YTD
 +0.8%  
-5.1%  
-0.7%  
 +1.8%  
 +4.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024
As of 04/19/2024
  Indus: 37,986 +211.02 +0.6%  
  Trans: 15,084 +136.79 +0.9%  
  Utils: 876 +15.31 +1.8%  
  Nasdaq: 15,282 -319.49 -2.0%  
  S&P 500: 4,967 -43.89 -0.9%  
YTD
 +0.8%  
-5.1%  
-0.7%  
 +1.8%  
 +4.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024

Bulkowski's Ascending Broadening Wedge Quiz

Released 4/26/2019.

Ascending Broadening Wedge : Quiz

Below is a slider quiz to test your ability to identify ascending broadening wedges and trade them. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.

 

1 / 7
chart pattern
This is an ascending broadening wedge. I don't like these patterns because they are tough to find. You'll learn that in this quiz. Look for price to rise following two up-sloping trendlines. The lines diverge and yet there should be at least five touches of the two trendlines, three touches of one trendline and two of the other. Price should cross the pattern plenty of times, filling it. Volume typically trends upward 65% of the time, as this example shows.
2 / 7
chart pattern
Find as many ascending broadening wedges as you can. Good luck. You're going to need it. For help, click here.
3 / 7
chart pattern
Here's the wedge, tucked in the left corner. Point A is a partial rise which correctly predicts a downward breakout 60% of the time. That's not far above random, but every clue helps. In this case, it was correct when price broke out downward at B.
4 / 7
chart pattern
Try again. Find as many ascending broadening wedges as you can. These two are obvious.
5 / 7
chart pattern
Surprise! There's only one wedge in the picture. How many trendline touches does it have? We're looking for minor highs and minor lows to touch the trendlines. The point I'm making is that point A, where the red line bumps up against price, does NOT count as a trendline touch because there is no minor high at A. The minor high/low rule applies to all chart patterns. Point B is another partial rise. The breakout is downward. How far will it drop? The next chart helps answer that.
6 / 7
chart pattern
How far will price drops before it reverses direction? This is the weekly chart of the stock. Pick a number associated with a green line, or any other value you think is correct, where you expect the stock to reverse.
7 / 7
chart pattern
Here's the answer. If you picked 24, you were correct.

See Also

 
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