GROUP 7

Arrange 4 phases in the correct order of a stock cycle:

• Accumulation, Markup, Distribution, Markdown.

• Markup, Accumulation, Distribution, Markdown

• Markup, Accumulation, Markdown, Distribution

• Accumulation, Distribution, Markup, Markdown

A breakout of the _______ period starts the ________ cycle.

• Mark up/Accumulation

• Markdown/ Distribution

• Markup/ Markdown

• Accumulation/ Markup

The Fibonacci levels between the start and the end of the move are referred to:

• Retracement levels

• Stop loss levels

• Take profit levels

• Entry levels

The Fibonacci tool is always applied from the _____ side over to the _____ side of the price chart.

• A. left-hand, right-hand

• B. right-hand, left-hand

• C. top, bottom

• D. bottom, top

What are the most common Fibonacci retracement levels?

• 30%, 50% and 60%

  
  

• 38%, 50% and 61%

• 38.2%, 50% and 61.8%

The Fibonacci tool places support and resistance lines on a chart, based on a _____ movement

Which of the following is a limitation of Elliott Wave Theory?

• It provides clear and objective rules for wave analysis

•  It does not require interpretation of price data

• It is not susceptible to confirmation bias

• It can be subjective and prone to misinterpretation

What is a common criticism of Elliott Wave Theory?

• It lacks clear quantifiable criteria for entry and exit points

• It relies solely on fundamental analysis

•  It provides precise guidelines for determining optimal trade setups

•  It is not based on historical price data

In Elliott Wave Theory, which wave is typically the strongest and longest in an upward trend?

• Wave 1

• Wave 2

• Wave 3

• Wave 4

What is one of the fundamental rules in Elliott Wave Theory regarding corrective waves?

• Corrective waves are never the shortest impulse wave

• Wave 2 retraces more than 100% of Wave 1

• Wave 4 overlaps with the price territory of Wave 1

• Corrective waves follow specific patterns such as zigzags, flats, and triangles