Questions on Insignificant, Minor and Major Turning Points

Article Source:

https://algotrading-investment.com/2019/07/13/insignificant-minor-and-major-turning-points/

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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?

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

5. Which turning point is this?

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


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