Which of the following instances marks a single best valid buy signal with respect to the direction system for the next new trend?

Which of the following instances marks a single best valid buy signal with respect to the direction system for the next new trend?A . AB . BC . CD . DView AnswerAnswer: D

August 6, 2021 No Comments READ MORE +

How would a technician utilize a support line which has been broken?

How would a technician utilize a support line which has been broken?A . A broken support line no longer has a valid technical interpretationB . The break in the support line would be a buy signalC . The support line now becomes a resistance lineD . The break in the...

August 6, 2021 No Comments READ MORE +

Which of the following is a true statement according to Elliott Wave Theory?

Which of the following is a true statement according to Elliott Wave Theory?A . A complete bull market cycle is made up of eight waves, three waves up followed by five waves downB . A trend divides into three waves in the direction of the next longer trendC . Corrections...

August 6, 2021 No Comments READ MORE +

Which of the following are the three basic tenets of Elliott Wave Theory, in the CORRECT order of importance?

Which of the following are the three basic tenets of Elliott Wave Theory, in the CORRECT order of importance?A . Price, momentum and volumeB . Price, pattern and volumeC . Waves, alternation and reversalsD . Pattern, ratio and timeView AnswerAnswer: D

August 6, 2021 No Comments READ MORE +

Which is NOT a measure of central tendency:

Which is NOT a measure of central tendency:A . MeanB . MedianC . ModeD . VarianceView AnswerAnswer: D

August 6, 2021 No Comments READ MORE +

What is the main impediment to making objective trading decisions?

What is the main impediment to making objective trading decisions?A . Lack of complete informationB . Failing to consider trading costsC . Conflict between technical and fundamental modelsD . Emotional considerations cloud judgmentView AnswerAnswer: D

August 6, 2021 No Comments READ MORE +

Which of the following is an INCORRECT definition of cycle terminology?

Which of the following is an INCORRECT definition of cycle terminology?A . Amplitude - the height of the wave (cycle)B . Period - the time needed to finish one wave (cycle)C . Frequency - the number of cycles that repeat every 360°D . Phase - a measure of separation between...

August 5, 2021 No Comments READ MORE +

What is the reason behind time being an important aspect of point-and-figure chart analysis?

What is the reason behind time being an important aspect of point-and-figure chart analysis?A . To reduce errors in a systemB . To improve the efficiency of the systemC . To see how long a pattern takes to formD . All of the above statementsView AnswerAnswer: C

August 4, 2021 No Comments READ MORE +

Which of the following statement states the correct percentage of the percentage gain on a loss of 50 percent?

Which of the following statement states the correct percentage of the percentage gain on a loss of 50 percent?A . It requires an 80% gain to break evenB . It requires a 100% gain to break evenC . It requires a 90% gain to break evenD . It requires a...

August 4, 2021 No Comments READ MORE +

Which of the following is considered a reversal pattern in candlestick charting?

Which of the following is considered a reversal pattern in candlestick charting?A . WindowsB . Rising three methodsC . Hanging manD . Falling three methodsView AnswerAnswer: C

August 4, 2021 No Comments READ MORE +