Questions on Patterns are Good Predictor of Turning Point


Please attempt to answer to all these questions after you have read about Patterns are Good Predictor of Turning Point within 10 minutes.

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1. Which trend type is not commonly seen in currency and stock market?
a) Linear trend
b) Exponential trend
c) Triangular trend
d) Damped trend

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2. Apple announced a surprise earning just now. Which trend type is mostly likely to be expected in first 1 hour after this announcement in Apple’s Stock price?

a) Linear upward trend
b) Exponential upward trend
c) No trend
d) Damped downward trend

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3. Bank of England announces that the interest rate will be cut by 1%. What is it likely to happen in GBPUSD now?
a) Linear Upward trend
b) Linear downward trend
c) No trend
d) Damped downward trend

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4. Find the wrong statement
a) Currency and stock price moves in zigzag path.
b) There are several different types of trend in currency and stock market.
c) Zigzag price path in currency and stock price is not related to fundamentals that move them.
d) You will not see damped trend in currency and stock price.

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5. Find the wrong statement
a) In Fibonacci price pattern, we use two zigzag points to detect pattern.
b) In harmonic pattern, we use five zigzag points to detect pattern.
c) You will not see polynomial trend in currency and stock price.
d) Elliott wave theory is more complex than moving average cross over strategy in general.

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6. Find the right statement
a) Zigzag price movement in currency and stock market is purely due to fundamental reason.
b) Patterns can predict turning point in currency and stock market.
c) With patterns, you can use the turning point strategy only.
d) Patterns can not be combined with other technical indicators for your trading.

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7. In Google’s stock price, which one is the least cause for alternating swing highs and swing lows?

a) R&D news on new artificial intelligence project.
b) News on Fed’s decision to cut interest rate.
c) News about the resign of managing director.
d) News on Stock market opening schedule on Good Friday.

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8. Following chart shows Elliott Wave 12345 pattern in EURUSD. How many points and price swings in the Elliott Wave 12345 pattern.

a) 5 points and 5 price swings
b) 6 points and 4 price swings
c) 6 points and 5 price swings
d) 5 points and 4 price swings

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9. Following chart shows AB=CD pattern in IBM’s stock price. How many points, price swings and triangles in the AB=CD pattern.


a) 5 points, 3 price swings and 3 triangles
b) 4 points, 3 price swings and 2 triangles
c) 4 points, 2 price swings and 2 triangles
d) 5 points, 4 price swings and 3 triangles

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10. List at least five Fibonacci ratios derived from Fibonacci sequence numbers.


About this Article

This article is the part taken from the draft version of the Book: Profitable Chart Patterns in Forex and Stock Market (Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern). This article is only draft and it will be not updated to the completed version on the release of the book. However, this article will serve you to gather the important knowledge in financial trading. This article is also recommended to read before using Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner, which is available for MetaTrader or Optimum Chart.

Below is the landing page for Harmonic Pattern Plus, Harmonic Pattern Scenario Planner and Profitable Pattern Scanner in MetaTrader. All these products are also available from www.mql5.com too.

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