Question 1

A uptrend would have ...

Accepted Answer

HH Higher Highs & HL Higher Lows

Answer

LH Lower Highs & LL Lower Lows

Question 2

A downtrend would have ...

Accepted Answer

LH Lower Highs & LL Lower Lows

Answer

HH Higher Highs & HL Higher Lows

Question 3

The ceiling / roof is considered the ...

Accepted Answer

resistance

Answer

support

Answer

highest price level

Answer

lowest price level

Question 4

The floor / concrete is considered the ...

Accepted Answer

support

Answer

lowest price level

Answer

resistance

Answer

highest price level

Question 5

What are the most commonly used oscillators?

Accepted Answer

All of the Above

Answer

MFI Money Flow Index

Answer

ROC Price Rate of Change

Answer

RSI Relative Strength Index

Question 6

According to ADX (Average Directional Movement Index), when the value is under 20, what does that mean for the trend?

Accepted Answer

No Trend

Answer

Increasing Trend Strength

Answer

Bulls are in control

Answer

Trend is Exhausted & Ready to Reverse

Answer

Bears are in control

Question 7

According to ADX (Average Directional Movement Index), when the value is over 50, what does that mean for the trend?

Accepted Answer

Trend is Exhausted & Ready to Reverse

Answer

No Trend

Answer

Bulls are in control

Answer

Bears are in control

Answer

Increasing Trend Strength

Question 8

According to RSI (Relative Strength Index), when the chart is at level 30, this area is considered to be ...

Accepted Answer

Over Sold

Answer

Over Bought

Question 9

According to RSI (Relative Strength Index), when the chart is at level 70, this area is considered to be ...

Accepted Answer

Over Bought

Answer

Over Sold

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