PAPA REVISION TEST

It is important to check the overall context before acting on a candlestick signal.

• True

• False

Candlesticks with longer lower wick and short upper wick indicates that seller dominated during the session.

• True

• False

Inverted Hammer challenging the upper Bollinger band could be a bear trap.

• True

• False

A Bear counter attack is when bears fight back and recapture the territory after a gap-up opening.

• True

• False

Hammer taking support on rising EMA could be a buy signal.

• True

• False

Bullish engulf at top of the trend is a strong bullish signal.

• True

• False

For Fake breakdown setup, Bollinger Band must be challenged on downside.

• True

• False

Gaps are usually found in weekly charts.

• True

• False

In a ranging market, Bollinger band challenge usually fails on either side.

• True

• False

In a strong up trending stock bearish signals should be used to short sell.

• True

• False