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 Pipe Top Quiz

Released 9/19/2019.

Pipe Top: Quiz

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

 

1 / 5
chart pattern
All of the charts in this quiz are on the weekly scale. I show three chart patterns. The diamond bottom is a nice example of a diamond. This one is symmetrical. It looks like a diamond, which is actually rare for the pattern. Often you'll see the diamond shape tilted to one side. The next pattern is a pipe bottom which we discussed a few weeks ago (click the link to take the quiz). The last pattern, shown with a single P, is a pipe top (two of them). Let's talk about the red P. A pipe top has two upward spikes that tower above the surrounding landscape and they are longer than the average spike over the prior year. You want to see unusually tall twin towers. Volume really doesn't matter much, but you'll find the right spike will have lower volume than the left one. The pattern confirms as a valid pipe when the stock closes below the lower of the two spikes.
2 / 5
chart pattern
Find as many pipe tops as you can. For help, click here.
3 / 5
chart pattern
Here are three pipe tops that I found. The twin spikes are taller than other spikes which precede them. They all confirm, too.
4 / 5
chart pattern
Find as many pipe tops as you can plus a horn bottom.
5 / 5
chart pattern
Here they are.

See Also

 
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