Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the name of the candlestick pattern to the far right of the chart (the last day of trading)? Refer to separate file with

  1. What is the name of the candlestick pattern to the far right of the chart (the last day of trading)? Refer to separate file with charts.

    a.

    Bullish Engulfing

    b.

    Hammer

    c.

    Doji

    d.

    Bearish Engulfing

2. When an index makes a new high but the Advance / Decline Line does not, this is known as a:

a.

Bullish Divergence

b.

Confirmation

c.

Bearish Divergence

d.

None of the Above

3. What is the name of the pattern in the box? Refer to charts in separate file.

a.

Double Top

b.

Falling Wedge

c.

Head and Shoulders Bottom

d.

Rectangle

4. The most recent price activity in this chart is a quadruple top breakout. The box size is $0.50 and the reversal size is three boxes. What is the price objective for the breakout using the horizontal count method? Refer to separate file for charts.

$19.00

$21.50

$12.50

$22.00

5. Which pattern is usually preceded by a sharp advance or decline with heavy volume and tends to mark the midpoint of the move?

a.

outside bar

b.

pennant

c.

Head and Shoulders Top

d.

wedge

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Info Business Fast Startup Guide For Beginners

Authors: Mr. Oleg Kolpakov

1st Edition

1539887685, 978-1539887683

More Books

Students also viewed these Finance questions

Question

Describe and explain social return on investment and measure it.

Answered: 1 week ago