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Question 1 of 10
1. Question
When studying the patterns of standard triangles what is the name given to the pattern that is formed when the lower trend is rising and the upper bound is a horizontal resistance zone?
Correct
When the lower trend line is rising, and the upper bound is a region of horizontal resistance, it is called a triangle ascending. When the upper limit decreases and the lower bound increases, it is called a symmetrical triangle. When both the upper and lower bound slant and converge in the same direction, this is called a wedge.
Incorrect
When the lower trend line is rising, and the upper bound is a region of horizontal resistance, it is called a triangle ascending. When the upper limit decreases and the lower bound increases, it is called a symmetrical triangle. When both the upper and lower bound slant and converge in the same direction, this is called a wedge.

Question 2 of 10
2. Question
When both the bounds upper and lower bound in the pattern analysis of standard triangles are formed in the same direction and are converging toward each other, what is the name of the pattern being formed?
Correct
When both the upper and lower bound slant and converge in the same direction, it is called a wedge, and when the two lines diverge irrespective of the slope, a reverse triangle, it is called an expanding pattern. We get what is called a diamond pattern when we combine an expanding pattern with a triangle, normally a symmetrical triangle.
Incorrect
When both the upper and lower bound slant and converge in the same direction, it is called a wedge, and when the two lines diverge irrespective of the slope, a reverse triangle, it is called an expanding pattern. We get what is called a diamond pattern when we combine an expanding pattern with a triangle, normally a symmetrical triangle.

Question 3 of 10
3. Question
What is the new pattern formed when we add a triangle in a broadening pattern using the concepts learned in pattern analysis select the best possible choice.
Correct
If the two lines diverge irrespective of the slope, the reverse triangle is called the extending pattern. When we combine an expanding pattern with a triangle, typically a symmetrical triangle, we get what’s called a pattern of diamonds.
Incorrect
If the two lines diverge irrespective of the slope, the reverse triangle is called the extending pattern. When we combine an expanding pattern with a triangle, typically a symmetrical triangle, we get what’s called a pattern of diamonds.

Question 4 of 10
4. Question
When you enter on a breakout from a descending triangle, what is the effect of an upward breakout?
Correct
Upward breakouts on discrepancies add to results considerably and are certainly something to watch for. Gaps tend to have no impact at breaks downwards.
Incorrect
Upward breakouts on discrepancies add to results considerably and are certainly something to watch for. Gaps tend to have no impact at breaks downwards.

Question 5 of 10
5. Question
Which of the following outcome is ignored or has a negative impact when a pullback or a throwback takes place in the case of the Symmetrical triangle?
Correct
It does not mean that a pullback or throwback should be ignored, but rather performance standards should be lower than if there had been no pullback or throwback. Gap breakouts do not tend to impact results on the upside, but on the downside do offer a few extra percentage points.
Incorrect
It does not mean that a pullback or throwback should be ignored, but rather performance standards should be lower than if there had been no pullback or throwback. Gap breakouts do not tend to impact results on the upside, but on the downside do offer a few extra percentage points.

Question 6 of 10
6. Question
In trading triangles what is the correct formulation for calculating the initial target for the patterns formed?
Correct
The initial target for these trends is determined by applying the base distance to the price where the breakout occurred — the vertical distance between the original upper and lower reverse point values.
Incorrect
The initial target for these trends is determined by applying the base distance to the price where the breakout occurred — the vertical distance between the original upper and lower reverse point values.

Question 7 of 10
7. Question
Which of the following statements leads to the formation of the positive divergence? Select the best possible answer.
Correct
The positive deviation occurs when the price hits a new low unconfirmed by a new low in the oscillator at a sequence of price highs. Numerous divergences will occur in a very strong pattern and, of course, if the oscillator is bounded, it will occur more frequently as there is no space for the oscillator to keep producing new highs or lowers.
Incorrect
The positive deviation occurs when the price hits a new low unconfirmed by a new low in the oscillator at a sequence of price highs. Numerous divergences will occur in a very strong pattern and, of course, if the oscillator is bounded, it will occur more frequently as there is no space for the oscillator to keep producing new highs or lowers.

Question 8 of 10
8. Question
From the following statement, which is the factor that leads to the difference between the Reversals and the Divergence?
Correct
As with divergences, technicians have used reversals since the first use of oscillators, but Andrew Cardwell recently popularized them. A reversal varies from a difference in that price instead of the oscillator, leads the transition.
Incorrect
As with divergences, technicians have used reversals since the first use of oscillators, but Andrew Cardwell recently popularized them. A reversal varies from a difference in that price instead of the oscillator, leads the transition.

Question 9 of 10
9. Question
Which of the following formation leads to the formation of a negative reversal when standing about Confirmations?
Correct
A negative reversal happens when the oscillator hits a new high above that of day 4 on day 20 but the price does not. Positive reversal is the same as negative at low bars only.
Incorrect
A negative reversal happens when the oscillator hits a new high above that of day 4 on day 20 but the price does not. Positive reversal is the same as negative at low bars only.

Question 10 of 10
10. Question
Which of the following leads to the formation of a Crossover, using the concepts learned in the Confirmation?
Correct
Crossovers arise when the oscillator reaches either a certain point or a separate oscillator. One amount that is always significant is the mean value, usually either zero or one that bisects the range of the travels of the oscillator.
Incorrect
Crossovers arise when the oscillator reaches either a certain point or a separate oscillator. One amount that is always significant is the mean value, usually either zero or one that bisects the range of the travels of the oscillator.