3.5 Quizz
1. Which sentence does not concern technical analysis?
Use of historical pricing to identify opportunities to trade.Use of charts for analysis.It is based on five premises.Price analysis to predict future price development.
Justification: The technical analysis is based on three premises: price, trends and history repeats.2. Which one of these charts is the least used by traders?
Line chartPie chartCandlestick chartBar chart
Justification: The most used charts by traders are the line chart, the candlestick chart and the bar chart because they are more detailed and clear than the pie chart.3. What are the most important horizontal levels in technical analysis?
Support & ResistanceUptrend & DowntrendWedgesTriangles
Justification: Traders often base their trades on two levels: support and resistance. These are the levels that a given asset appears to have difficulty passing.4. On which premises is technical analysis based on?
TrendsHistory repeatsAll of the abovePrice
Justification: Technical analysis is based on three premises. The first one is the price, the second one is that courses evolve according to trends and finally there is a tendency for price movements to be repeated.Complete this course
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Chart patterns & technical indicators