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December 20, 2013by Mark Rose- 6 comments

Chart Pattern Quiz

Reckon you can spot a profitable pattern at a glance? Try your hand at the newly updated Trader’s Bulletin chart pattern quiz … and let us know how you get on …

Trading Chart Patterns Quiz

1. The pattern shown below is called a 'horn bottom', best found on a weekly chart. Where does it signal for us to enter a trade?
- A
- B
- C
2. Which entry point is the best one for trading this double bottom pattern?
- a
- b
- c
3. Name the three price action features (A, B and C) seen on this chart.
- Bowl, doji, dead cat bounce
- Scallop, hanging man, three black crows
- Scallop, shooting star, three black crows
- Cup and handle, hammer, three red soldiers
4. In a head and shoulders pattern, the distance the price moves after a breakout is usually equal to ...
- the distance from the high point of the head to the neckline
- the difference between the head height and the shoulder height
- the head height added to the shoulder height
5. Which sentence best describes the triangle pattern below?
- The triangle is almost complete, making this a perfect opportunity to enter a trade on the breakout
- the price has moved very close to the apex of the triangle, a breakout will now be unreliable - beware
- because the trend is downward ahead of the pattern, the breakout is only valid if it's to the downside
6. Describe the gap pattern seen below ...
- common gap - this type of gap offers the best trading opportunity
- breakaway gap - this may be unfilled for some time
- exhaustion gap - look for this price gap to fill within the next 2 days
7. The chart below shows a flag pattern. For a trade entered on the breakout at X, where would be a sensible target?
- a
- b
- c
8. Is this a valid double top pattern?
- Yes
- No
9. Name the following pattern ...
- pennant
- triangle
- flag
10. Which of the following is NOT a chart pattern?
- Gartley
- Beetle
- Bat
11. What do you call a chart pattern that signals that the trend on exiting the pattern will be the same as the trend on entering the pattern?
- bilateral
- continuation
- bearish

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6 comments

Abu

2 years ago Reply

Easy
ashrith

5 years ago Reply

good
Philip

13 years ago Reply

Well all but 2 with the double top… but Q8 I thought a reasonable pattern, point about the neckline I’ll look again…
Colin

13 years ago Reply

Which is the right answer for 7? Shouldn’t it be “b”?
- A
  
  Mark Rose
  
  13 years ago Reply
  
  Hi Colin, Thanks for pointing that out. For some reason the quiz wasn’t registering any correct answers for 7. It should be working now – give yourself an extra point!
Simon

13 years ago Reply

Ouch! I was feeling confident about this one, but I’ve never even heard of a cup and handle, let alone a Gartley!

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