The Basics – Quiz #1 Welcome to The Basics - Quiz #1 1. What conditions identify an uptrend? Higher highs & lows. Higher highs. Higher highs & lows confirmed by the 200 day moving average. 2. In which market phase will a Double Bottom formation occur? Phase 2 uptrend. Phase 2 Bottom consolidation pattern. Phase 3 Topping consolidation pattern. 3. Why is the Accumulation / Distribution line usually a better confirmation of trend than volume? Because it measures actual money flowing into the market not just share volume. Because it is a line for easier trend analysis. All of the above 4. How do you confirm a bullish or bearish breakout from a consolidation pattern? By counting a minimum of 3 daily bars through support or resistance. By noting if price has breached an important moving average. By your bullish or bearish opinion of the stock. Time's up Post Navigation Next Post → Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment.
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