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Question 1

This chart type integrates volume directly into the price bar:

Options :

A :

Equivolume

B :

VWOP

C :

Renko

D :

Ichimoku Cloud

Answer: A

Question 2

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

Options :

A :

Price, momentum and volume

B :

Price, pattern and volume

C :

Waves, alternation and reversals

D :

Pattern, ratio and time

Answer: D

Question 3

The "Rising 3 Methods" candlestick pattern is: I. Bullish II. Bearish III. Long White Body followed by a series of smaller falling candles IV. Long Black Body followed by a series of smaller rising candles

Options :

A :

I & III

B :

I & IV

C :

II & III

D :

II & IV

Answer: A

Question 4

Which of the following is NOT true in chart interpretation:

Options :

A :

A price chart is a representation of human behavior

B :

The goal is to find consistent, reliable and logical patterns

C :

Chart patterns can be caused by commonly used trading techniques

D :

The behavioral aspects of prices are irrational

Answer: D

Question 5

Which of the following are true of the concepts of divergence and confirmation in technical analysis

Options :

A :

They are opposite concepts

B :

Confirmation has a valid technical interpretation but in the case of divergence, no valid conclusion can be drawn

C :

Confirmation indicates a likely change in trend since all technical indicators are in agreement

D :

Divergence indicates continuation in trend since different technical indicators do not agree

Answer: A