Welcome to the 10 Min Challenge - RSI, Trends & FIB Tool - Part 3
Go For It...
On with the challenge questions below... This quiz is 18 questions and worth a total of 200 points possible. Take the quiz as often as you like and try to get a perfect 200 points at least 3 times in a row.
NOTE: READ THE KEY NOTES on every question!!! This will be the only hints given. Use the pics and links in any of the questions to help you select the correct answer.
IMPORTANT: If you need to see a chart pic larger, you can zoom the page on your phone to get a better view. The webpage pics are just too small for many to see. If you do click an image, it will open in a new tab/window. Simply close that tab when done and tap the tab you had the quiz in to resume.
Unlike previous quizzes, you will be able to change your answers before submitting. I also have turned off the response to answers while taking the quiz. I suggest you review your answers before submitting. You can use the previous and next buttons on each page to scroll thru the quiz to verify that you have the answers you want to keep.
Best of learning to you all & most of all, have fun!!! 🙂
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1.
In the pic, what price does the horizontal yellow line represent?
KEY NOTES:
- The price lines in the pic are yellow (3490 sats) and pink (3792 sats).
- The bottom price is support while the top price is resistance in the current market structure.
2.
In the pic, what price does the horizontal pink line represent?
KEY NOTES:
- The price lines in the pic are yellow (3490 sats) and pink (3792 sats).
- The bottom price is support while the top price is resistance in the current market structure.
3.
In the pic, what colored price line represents support in the current market structure?
KEY NOTES:
- The price lines in the pic are yellow (3490 sats) and pink (3792 sats).
- The bottom price is support while the top price is resistance in the current market structure.
4.
In the pic, what colored price line represents resistance in the current market structure?
KEY NOTES:
- The price lines in the pic are yellow (3490 sats) and pink (3792 sats).
- The bottom price is support while the top price is resistance in the current market structure.
5.
In the pic, what colored MA line is the price currently getting support or resistance from?
KEY NOTES:
- The moving average (MA) lines are clearly marked in the pic below:
- 10 MA = green; 50 MA = teal; 100 MA = blue; 200 MA = purple
6.
In the pic, what MA line is the price currently getting support or resistance from?
KEY NOTES:
The moving average (MA) lines are clearly marked in the pic below:
10 MA = green
50 MA = teal
100 MA = blue
200 MA = purple
7.
In the pic, what MA line is the next retest higher that the market needs to reach?
KEY NOTES:
- The moving average (MA) lines are clearly marked in the pic below:
- 10 MA = green; 50 MA = teal; 100 MA = blue; 200 MA = purple
8.
In the pic, what MA line is the 2nd highest retest level that the market needs to reach?
KEY NOTES:
- The moving average (MA) lines are clearly marked in the pic below:
- 10 MA = green; 50 MA = teal; 100 MA = blue; 200 MA = purple
9.
In the pic, what MA line is the 3rd highest retest level that the market needs to reach?
KEY NOTES:
- The moving average (MA) lines are clearly marked in the pic below:
- 10 MA = green; 50 MA = teal; 100 MA = blue; 200 MA = purple
10.
In the pic, what type of market condition is best described by the yellow lines drawn?
KEY NOTES:
- The yellow lines drawn on the chart show the current direction of the market condition.
- A candlestick pattern that breaks above the yellow line will reverse the market direction.
- When top of candlesticks are continuing lower, it's a downtrend.
- When bottoms of candlesticks are continuing higher, it's an uptrend.
11.
In the pic, what will happen if candlesticks go above the yellow lines?
KEY NOTES:
- The yellow lines drawn on the chart show the current direction of the market condition.
- A candlestick pattern that breaks above the yellow line will reverse the market direction.
- When top of candlesticks are continuing lower, it's a downtrend.
- When bottoms of candlesticks are continuing higher, it's an uptrend.
12.
In the pic, what MA line will the market candlesticks retest first after a break above the yellow lines?
KEY NOTES:
- Memorize your MA line colors and values to answer this correctly...
13.
In the pic, what type of market trend is the price chart in?
KEY NOTES:
- The price chart is on the top and RSI chart is on the bottom.
- Memorize your trend lines.
- The straight yellow line on the RSI chart is the trend line.
- The wavy yellow line on the RSI chart is the signal line.
14.
In the pic, what type of market trend is the RSI chart in?
KEY NOTES:
- The price chart is on the top and RSI chart is on the bottom.
- Memorize your trend lines.
- The straight yellow line on the RSI chart is the trend line.
- The wavy yellow line on the RSI chart is the signal line.
15.
In the pic, what type of buy zone on the RSI chart is the market in?
KEY NOTES:
16.
BONUS: In the pic, what kind of pattern are the yellow lines on the price chart showing?
Bonus questions are worth 20 points each correct answer!!! Read all of the key notes below and you will likely get this question correct, if you look for the key word that tells you half of the answer... 🙂 The word is found in the last bullet point in the key notes!!!KEY NOTES:
- Market activity is more defined by patterns or shapes that the candlesticks make.
- Patterns are usually seen with 2 trend lines that define the shape of rectangle or triangle.
- The direction of the lines could be a combination of uptrend/downtrend, uptrend/sideways trend or downtrend/sideways trend.
- Some other patterns are curved or rounded to define the market reversal movement.
- In the pic below, the 2 yellow lines seen on the price chart and RSI chart independently are known as a wedge pattern.
- The RSI chart has a rising wedge while the price chart has a falling wedge pattern shown.
17.
BONUS: In the pic, what kind of pattern are the yellow lines on the RSI chart showing?
Bonus questions are worth 20 points each correct answer!!! Read all of the key notes below and you will likely get this question correct, if you look for the key word that tells you half of the answer... 🙂 The word is found in the last bullet point in the key notes!!!KEY NOTES:
- Market activity is more defined by patterns or shapes that the candlesticks make.
- Patterns are usually seen with 2 trend lines that define the shape of rectangle or triangle.
- The direction of the lines could be a combination of uptrend/downtrend, uptrend/sideways trend or downtrend/sideways trend.
- Some other patterns are curved or rounded to define the market reversal movement.
- In the pic below, the 2 yellow lines seen on the price chart and RSI chart independently are known as a wedge pattern.
- The RSI chart has a rising wedge while the price chart has a falling wedge pattern shown.
18.
In the pic, what is the colored grid on the right side of the chart called?
KEY NOTES:
