As of 06/14/2024
  Indus: 38,589 -57.94 -0.1%  
  Trans: 14,807 -161.34 -1.1%  
  Utils: 917 -0.41 0.0%  
  Nasdaq: 17,689 +21.32 +0.1%  
  S&P 500: 5,432 -2.14 0.0%  
YTD
 +2.4%  
-6.9%  
 +4.0%  
 +17.8%  
 +13.9%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024
As of 06/14/2024
  Indus: 38,589 -57.94 -0.1%  
  Trans: 14,807 -161.34 -1.1%  
  Utils: 917 -0.41 0.0%  
  Nasdaq: 17,689 +21.32 +0.1%  
  S&P 500: 5,432 -2.14 0.0%  
YTD
 +2.4%  
-6.9%  
 +4.0%  
 +17.8%  
 +13.9%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024

Bulkowski's Falling Wedge Quiz

Released 6/21/2019.

Falling Wedge: Quiz

Below is a slider quiz to test your ability to identify falling 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 / 6
chart pattern
This is a falling wedge (C). Price follows two converging and descending trendlines which join at an apex sometime in the future. The volume trend is downward 75% of the time leading to the breakout. In this example, the only hint of a falling volume trend are the three volume spikes at B (otherwise it looks flat). The measure rule, which is really a guideline, says price should rise (for an upward breakout) at least to the price at the top of the pattern (C). A downward breakout happens at A, and that's unusual because it occurs just 32% of the time.
2 / 6
chart pattern
Find as many falling wedges as you can but also find a diamond bottom, v-bottom, and double top.
3 / 6
chart pattern
Here are the patterns. A and B are the falling wedges. CD is a double top. E is the V-bottom and F is a diamond even though I cut through the top spike. Yes, you may have to use your imagination on the diamond...
4 / 6
chart pattern
Find a falling wedge and a descending scallop.
5 / 6
chart pattern
A is the falling wedge. B is the scallop. The wedge breaks out upward at C. How far will price rise (pick 1, 2, 3, or 4, one of the green lines).
6 / 6
chart pattern
Line 4 is the correct answer. Price at A climbed to the top of the pattern, fulfilling the measure rule, before dropping to B and busting the pattern.

See Also

 
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