A Harami most closely resembles what "western" charting pattern?A . Inside dayB . Outside dayC . GapD . Andrew’s Pitchfork View Answer Answer: A...
Continue readingHow can one identify the existence of a cycle?
How can one identify the existence of a cycle?A . Remove price trendB . Switch time framesC . Use only period extremesD . None of the above View Answer Answer: A...
Continue readingInterpret price action in the chart below, combined with takeaways from the SPX New High-New Low index:
Interpret price action in the chart below, combined with takeaways from the SPX New High-New Low index:A . Confirmation between price action and indicator; the ongoing pullback can be bought.B . Divergence between price action and indicator; suggests exiting of long positions.C . Divergence between price action and indicator; can initiate shorts at current...
Continue readingWhich of the following is typically a period of heavier volume?
Which of the following is typically a period of heavier volume?A . First day of the weekB . Day before a holidayC . Triple witching daysD . Summer days View Answer Answer: C...
Continue readingHow might one detrend data to determine if a cycle exists?
How might one detrend data to determine if a cycle exists?A . Divide the current prices by a moving average of those pricesB . Create an oscillator that plots a standard deviation of the period lowsC . Apply volume weighting to both high and lows in the dataD . Plot a linear regression line...
Continue readingWhich of the following would BEST improve the profitability of a trend-based trading system?
Which of the following would BEST improve the profitability of a trend-based trading system?A . Use of additional trend periodsB . Increase the delay in taking action after a trade signal is givenC . Utilize support and resistance linesD . Utilize candlestick charts instead of bar charts View Answer Answer: B...
Continue readingThe "Rising 3 Methods" candlestick pattern is:
The "Rising 3 Methods" candlestick pattern is: I. Bullish II. Bearish III. Long White Body followed by a series of smaller falling candles IV. Long Black Body followed by a series of smaller rising candlesA . I & IIIB . I & IVC . II & IIID . II & IV View Answer Answer:...
Continue readingThe Efficient Market Hypothesis assumes that:
The Efficient Market Hypothesis assumes that: I. Most investors will act rationally II. Most investors will act irrationally III. Prices typically reflect all available information IV. Prices typically do not reflect all available informationA . I & IIIB . I & IVC . II & IIID . II & IV View Answer Answer: A...
Continue readingWhich of the following is a CORRECT usage of oscillators in technical analysis?
Which of the following is a CORRECT usage of oscillators in technical analysis?A . Oscillators are least useful when they reach an extreme reading near the upper or lower ends of their boundariesB . Divergences between price and oscillators are important confirmation signalsC . When an oscillator crosses the zero line, it provides an...
Continue readingWhich of the following is the BEST volume indicator for analysis of futures trading?
Which of the following is the BEST volume indicator for analysis of futures trading?A . Open interestB . Contract volumeC . Total volumeD . Breadth View Answer Answer: C...
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