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Lesson #6 Chart Patterns 2 of 2 Quiz

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Lesson #6 Chart Patterns 2 of 2 Quiz

Trader_Pete ✅ September 16, 2022

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Question 1 of 9

1. Question
What does a continuation pattern indicate?
- That a price trend is NOT LIKELY to continue.
- That a price trend is LIKELY to continue.
- That a price trend is likely to reversal and continue in the new direction
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Question 2 of 9

2. Question
True or false: Falling and rising wedges are a form of continuation pattern?
- True
- False
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Question 3 of 9

3. Question
True or false: An ascending broadening wedge is a bullish continuation pattern?
- True
- False
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Question 4 of 9

4. Question
Is a descending broadening wedge a bullish or bearish continuation pattern?
- Bullish continuation pattern
- Bearish continuation pattern
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Question 5 of 9

5. Question
Do continuation patterns always continue along the current price trend?
- Yes continuation patterns will always continue along the current price trend.
- No, While they have a higher probability to continue along the current price trend, they may not always play out.
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Question 6 of 9

6. Question
What represents supply in the market
- Supply is SELLERS in the market.
- Supply is BUYERS in the market.
- Supply is represented by price action.
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Question 7 of 9

7. Question
When Demand for a coin is greater than supply what is likely to happen to the price of that coin.
- The price of the coin will decrease.
- The price of the coin will remain unaffected.
- The price of the coin will increase.
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Question 8 of 9

8. Question
When is a supply or a demand zone created?
- When there is an imbalance between buyers and sellers.
- When price moves upwards.
- when price moves downwards.
- Supply and demand zones are created by chance.
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Question 9 of 9

9. Question
Supply and demand zones found on what time zones will hold more weight/ be stronger?
- 15 minute and 30 minute timeframe.
- 1hr timeframe.
- 4hr or lower.
- 4hr daily or larger.
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Lesson #6 Chart Patterns 2 of 2 Quiz

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