Questions on Insignificant, Minor and Major Turning Points

Please attempt to answer to all these questions after you have read about Insignificant, Minor and Major Turning Points within 5 minutes.

1. In our trading, which turning point will provide the best trading opportunity?
a) Insignificant turning point
b) Minor turning point
c) Major turning point
d) Intermediate turning point

2. Find wrong statement
a) Chance to predict major turning point is rather low comparing to minor turning point.
b) Major turning point provides us the longest profitable range.
c) We can not make money with minor turning point.
d) We should try to reduce our entry at insignificant turning point.

3. Find wrong statement
a) If GBPUSD is deviated too far from EURUSD, it can create turning point in GBPUSD.
b) If Google’s stock price is deviated too far from S&P 500 index, it can create turning point in Google’s stock.
c) If Apple’s stock price is deviated too far from S&P 500 index, it can create turning point in Apple’s stock.
d) If Apple’s stock price is deviated too far from Netflix Inc., it can create turning point in Apple’s stock.

4. Which turning point is this?

Eagle Pattern

Eagle Pattern

a) Minor turning point
b) Major turning point
c) Insignificant turning point

5. Which turning point is this?

turning point

turning point

a) Minor turning point
b) Major turning point
c) Insignificant turning point

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 X3 Chart Pattern Scanner in MetaTrader. All these products are also available from www.mql5.com too.

https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/

https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

Below is the landing page for Optimum Chart (Standalone Charting and Analytical Platform).

https://algotrading-investment.com/2019/07/23/optimum-chart/

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