As of 04/12/2024
  Indus: 37,983 -475.84 -1.2%  
  Trans: 15,498 -250.79 -1.6%  
  Utils: 855 -6.47 -0.8%  
  Nasdaq: 16,175 -267.11 -1.6%  
  S&P 500: 5,123 -75.65 -1.5%  
YTD
 +0.8%  
-2.5%  
-3.0%  
 +7.8%  
 +7.4%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,700 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 04/12/2024
  Indus: 37,983 -475.84 -1.2%  
  Trans: 15,498 -250.79 -1.6%  
  Utils: 855 -6.47 -0.8%  
  Nasdaq: 16,175 -267.11 -1.6%  
  S&P 500: 5,123 -75.65 -1.5%  
YTD
 +0.8%  
-2.5%  
-3.0%  
 +7.8%  
 +7.4%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,700 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 Triple Bottoms Quiz

Released 1/3/2020.

Triple Bottoms: Quiz

Below is a slider quiz to test your ability to identify triple 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
chart pattern
Triple bottoms, like the one shown here at ACB, are composed of three minor lows which bottom near the same price. The highest peak between the three bottoms is the confirmation and breakout price. When the stock closes above that peak, D in this example, it confirms the pattern as a valid triple bottom. If price closes below the bottom of the pattern before closing above the top, then you don't have a triple bottom. This is an example of a triple bottom with valley C slightly higher than A or B, making it easy to differentiate the triple bottom from a head-and-shoulders bottom (which has valley C well below A and B).
2 / 7
chart pattern
Find as many triple bottoms as you can. For help, click here.
3 / 7
chart pattern
I show two triple bottoms in this chart, both labeled 1, 2, 3. These patterns look like big Ws with tall sides AB and CD.
4 / 7
chart pattern
Find as many triple bottoms as you can plus a double bottom.
5 / 7
chart pattern
The triple bottom is at 1, 2, 3 and the double bottom is at CD. Notice that point A isn't far above the top of the triple bottom. In this regard, this tri-bot acts as a continuation pattern (price climbs from B to A and then valley 3 upward), not a reversal. It's rare but they do occur.
6 / 7
chart pattern
This is a confirmed triple bottom at 1, 2, 3. It's hard to see, but A closes above the top of the pattern. How far will price climb, to B, C, D or E: none of the above?
7 / 7
chart pattern
The correct answer is E, none of the above. I show two ascending scallops because it's the holidays and I'm in a giving mood.

See Also

 
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