Quiz 7

Q1. How many types of Head and Shoulders chart Patterns are there in the Forex Market?

A. 2

B. 3

C. 4

D. 5

 

Q2. Which chart pattern is also called M/W chart pattern?

A. Head and Shoulders Chart Pattern

B. Double Tops and Double Bottom Chart Pattern

C. Triple Tops and Triple Bottom Chart Pattern

D. Acending Triangle Chart Pattern

 

Q3. What is the name of the line connecting the two tops in the Double Tops and Double Bottom chart Pattern?

A. Neckline

B. Support Line

C. Upper Trend Line

D. Resistance Line

 

Q4. Where the traders and investors should place their trades in case of a Double Top Pattern?

A. Below the Upper trend line

B. Above the Upper trend line

C. Below the Neckline

D. Above the Neckline

 

Q5. When the Triple Top Pattern is considered finish?

A. It is considered finish when the currency price declines below the lowest point of this chart pattern

B. It is considered finish when the currency price declines above the lowest point of this chart pattern

C. It is considered finish when the currency price declines below the highest point of this chart pattern

D. It is considered finish when the currency price declines above the highest point of this chart pattern

 

Q6. When do the traders and investors prefer to enter a short position?

A. Short position is preferred when price of the currency goes higher than the identified resistance level

B. Short position is preferred when price of the currency goes lower than the identified resistance level

C. Short position is preferred when price of the currency goes higher than the identified support level

D. Short position is preferred when price of the currency goes lower than the identified support level

 

Q7. What is the Symmetric Pattern made of?

A. Two lower lows and two higher highs

B. Two lower lows with one lower high and one higher low

C. Two higher lows and two lower highs

D. None of these

 

Q8. With how many points an ideal Symmetric Pattern forms?

A. 4

B. 6

C. 8

D. None of the above

 

Q9. In which condition will the Ascending Triangle Pattern become invalid?

A. Duration is less than a year

B. Duration is less than a month

C. Duration is less than a week

D. Validity of the Pattern is not related to the Duration of the Pattern

 

Q10. When do the traders and investors should stay away from placing any trading order in a Descending Triangle Pattern?

A. Volume is not expanding at the Upper trend line

B. Volume is not expanding at the Lower trend line

C. Volume is not expanding at the false breakout

D. Volume is not expanding at the breakout

 

 

Answer of Question 1: A

Answer of Question 2: B

Answer of Question 3: D

Answer of Question 4: C

Answer of Question 5: A

Answer of Question 6: D

Answer of Question 7: C

Answer of Question 8: B

Answer of Question 9: C

Answer of Question 10: D

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