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Question 1 of 10
1. Question
Which of the following is not a disadvantage of the patterns that are formed by Broadening formations?
Correct
For a variety of reasons, expansion shapes are the least useful forms. First, they occur relatively rarely and are often hard to identify. Second, and more importantly, they are hard to make the most of. Because with time the boundary trend lines separate, the breakout
Lines pass away from each other all the time.Incorrect
For a variety of reasons, expansion shapes are the least useful forms. First, they occur relatively rarely and are often hard to identify. Second, and more importantly, they are hard to make the most of. Because with time the boundary trend lines separate, the breakout
Lines pass away from each other all the time. -
Question 2 of 10
2. Question
If the upper breakout level is getting higher and higher along the upper trend line which of the following statement is not predicted correctly about this trend?
Correct
This means the upper breakout level is getting higher and higher along the upper trend line in an upward breaking broadening pattern. By going higher and higher, it not only uses up much of any possible gain after a breakdown, but it also moves further away from any practical degree of protective stoppage, increasing the risk.
Incorrect
This means the upper breakout level is getting higher and higher along the upper trend line in an upward breaking broadening pattern. By going higher and higher, it not only uses up much of any possible gain after a breakdown, but it also moves further away from any practical degree of protective stoppage, increasing the risk.
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Question 3 of 10
3. Question
According to the raw performance statistics which of the following statements predicts the correct when the performance of a broadening pattern at its best and its failure rate?
Correct
Raw performance statistics show that the performance of an expanding pattern is at best average and that its failure rate is above average. However, one of the most efficient patterns using an expanding pattern is when it is incorporated into a diamond top with a symmetric triangle.
Incorrect
Raw performance statistics show that the performance of an expanding pattern is at best average and that its failure rate is above average. However, one of the most efficient patterns using an expanding pattern is when it is incorporated into a diamond top with a symmetric triangle.
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Question 4 of 10
4. Question
Which of the following statement is not true about the Diamond Top with regards to pattern analysis?
Correct
Diamond is one of the less common, but still lucrative patterns. It consists of a mixture of an increasing pattern and a symmetrical triangle, which typically occurs at the top of a very sharp price increase. It’s uncommon at bottoms of the market.
Incorrect
Diamond is one of the less common, but still lucrative patterns. It consists of a mixture of an increasing pattern and a symmetrical triangle, which typically occurs at the top of a very sharp price increase. It’s uncommon at bottoms of the market.
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Question 5 of 10
5. Question
Which of the following perfectly describes the pattern of a standard broadening formation with regards to pattern analysis?
Correct
The upper trend line slopes upwards in a typical expansion structure and must, therefore, have two peaks-the the latter higher than the former. Likewise, there must be two troughs in the lower trend line — the latter lower than the former one — and each line must be created at the same time as the other.
Incorrect
The upper trend line slopes upwards in a typical expansion structure and must, therefore, have two peaks-the the latter higher than the former. Likewise, there must be two troughs in the lower trend line — the latter lower than the former one — and each line must be created at the same time as the other.
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Question 6 of 10
6. Question
Which of the following is the best combination which results in respect to the volume and pullback in Diamond Top pattern?
Correct
The best combination is when a downward breakout happens on an under-average amount of breakout with no pullback. The failure rate is fairly small at 4%-10%. To some degree, these low numbers correlate with risk.
Incorrect
The best combination is when a downward breakout happens on an under-average amount of breakout with no pullback. The failure rate is fairly small at 4%-10%. To some degree, these low numbers correlate with risk.
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Question 7 of 10
7. Question
Which of the following methods is not used to portray the volume of trade?
Correct
Volume is the number of shares or contracts exchanged in any stock market over a given timeframe, usually a day, but maybe one stock to months or years. Analysts display volume on a price chart in many ways, for instance, Bar/candle, Equivolume, and Point-and-Figure.
Incorrect
Volume is the number of shares or contracts exchanged in any stock market over a given timeframe, usually a day, but maybe one stock to months or years. Analysts display volume on a price chart in many ways, for instance, Bar/candle, Equivolume, and Point-and-Figure.
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Question 8 of 10
8. Question
When using the Bar/Candle method to portray volume what is the relationship defined between price and volume using this method?
Correct
The most popular volume representation is a vertical bar at the bottom of the price chart which represents the total volume amount for that time. This approach is simple and does not take for granted any direct connection between price and volume. It just shows the details.
Incorrect
The most popular volume representation is a vertical bar at the bottom of the price chart which represents the total volume amount for that time. This approach is simple and does not take for granted any direct connection between price and volume. It just shows the details.
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Question 9 of 10
9. Question
If 300 shares traded at a certain price which of the following conclusions cant be drawn from this given situation?
Correct
If 300 shares were traded at a given price, the traders would record three shares bars to the price. A large number of bars at a given price showed that most operations took place at that level. From this chart, traders could determine the price at which the equalization of supply and demand, and thus the support and resistance zones.
Incorrect
If 300 shares were traded at a given price, the traders would record three shares bars to the price. A large number of bars at a given price showed that most operations took place at that level. From this chart, traders could determine the price at which the equalization of supply and demand, and thus the support and resistance zones.
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Question 10 of 10
10. Question
Using the Point-and-Figure method what is the standard method used to portray the volume on the chart?
Correct
The traditional approach is to add up the volume that occurred while each box was in operation and to represent it on the table. From this, the analyst can visualize quickly where volume occurred in the formation. Using the process, the individual analyst must decide if the information is helpful.
Incorrect
The traditional approach is to add up the volume that occurred while each box was in operation and to represent it on the table. From this, the analyst can visualize quickly where volume occurred in the formation. Using the process, the individual analyst must decide if the information is helpful.