As of 04/23/2024   Indus: 38,504 +263.71 +0.7%     Trans: 15,436 +212.01 +1.4%     Utils: 886 +2.63 +0.3%     Nasdaq: 15,697 +245.33 +1.6%     S&P 500: 5,071 +59.95 +1.2%	YTD  +2.2%   -2.9%    +0.5%    +4.6%    +6.3%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/23/24

As of 04/23/2024   Indus: 38,504 +263.71 +0.7%     Trans: 15,436 +212.01 +1.4%     Utils: 886 +2.63 +0.3%     Nasdaq: 15,697 +245.33 +1.6%     S&P 500: 5,071 +59.95 +1.2%	YTD  +2.2%   -2.9%    +0.5%    +4.6%    +6.3%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/23/24

Bulkowski's Rectangle Bottoms Quiz

Released 10/18/2019.

Rectangle Bottoms: Quiz

Below is a slider quiz to test your ability to identify rectangle bottoms 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

Rectangle bottoms, so called because price enters the pattern from the top, are mid list performing chart patterns. The failure rate is higher than other chart patterns, but the average rise in a bull market is quite good. However, rectangle bottoms (or horizontal channels) are rare. This is an example of one at A, between the two horizontal trendlines. Price makes a partial rise at B which correctly predicts a downward breakout, C.

2 / 7

Find as many rectangle bottoms as you can. For help, click here.

3 / 7

Here's the one I found. That was easy, wasn't it?

4 / 7

Let's try it again. Find as many rectangle bottoms as you can.

5 / 7

And here they are.

6 / 7

This rectangle has an upward breakout, at A. How far will price rise? Pick one of the green lines.

7 / 7

The correct answer is line 1. It's the ultimate high (the highest high before a trend change -- a drop of 20%).

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See Also

• More slider quizzes
• Quiz: Ascending triangles
• Quiz: Broadening bottoms
• Quiz: Broadening tops
• Quiz: Broadening formation, right-angled and ascending
• Quiz: Broadening formation, right-angled and descending
• Quiz: Symmetrical triangles.
• 158 Additional quizzes (downloads)

 

 

 

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