Swing Trading & Chart Patterns Quiz
Quiz
•
Professional Development
•
Professional Development
•
Practice Problem
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Easy
Damaris Avila
Used 1+ times
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45 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary function of chart patterns?
They are the sole indicators for making trades
They provide a framework to analyze the battle between buyers and sellers
They ensure a trade will be profitable
They guarantee trend continuation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calls or Puts?
Calls
Puts
No Action
Answer explanation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of a Rising Wedge pattern?
It starts with narrow trading ranges and expands as the trend continues
Both trend lines slope upward and the pattern is typically a bullish reversal signal
It is a series of lower lows and lower highs, indicating a bearish continuation
It is a bearish reversal pattern with both trend lines sloping upward, leading to a collapse in price through the lower trend line
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calls or Puts?
Calls
Puts
No Action
Answer explanation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calls or Puts
Calls
Puts
No Action
Answer explanation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes a Head and Shoulders pattern from a Double Top pattern?
The Head and Shoulders pattern is only found in downtrends
The Head and Shoulders pattern has three peaks, with the middle peak being the highest
The Double Top pattern always leads to an uptrend
The Head and Shoulders pattern is a bullish continuation pattern
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calls or Puts
Calls
Puts
No Action
Answer explanation
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