Technical analysis:

I. Can help the practitioner determine the exact price level at which a reversal will occur in the market.

II. Identifies and describes past and present price action.

III. Provides a descriptive representation of market action.

IV. Helps the practitioner make inferences about potential price action based on the assumption that price patterns are repetitive to some reasonable degree.

Select one:

A. Only III and IV are correct.

B. Only I, II, and IV are correct.

C. Only II, III, and IV are correct.

D. All are correct.