Welcome to the Market Patterns Challenge - Round 2
Back to challenge overview page
Go For It...
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.
Best of learning to you all & most of all, have fun!!! 🙂
First Name
Email
1.
Ascending triangles are (usually) what kind of continuation pattern?
The pic below is just a reminder of what types of triangle patterns we see on a chart...
KEY NOTES:
- Ascending triangles are (usually) a bullish continuation pattern
- If the market price enters the ascending triangle from the top, it will (likely) go bearish
- If the market price enters the ascending triangle from the bottom, it will (likely) go bullish
- Descending triangles are (usually) a bearish continuation pattern
- If the market price enters the descending triangle from the top, it will (likely) go bearish
- If the market price enters the descending triangle from the bottom, it will (likely) go bullish
- Symmetrical triangles are always a 50/50 pattern that could go bullish or bearish
- If the market price enters the symmetrical triangle from the top, it will (likely) go bearish
- If the market price enters the symmetrical triangle from the bottom, it will (likely) go bullish
:max_bytes(150000):strip_icc():format(webp)/UnderstandingTriangle2-0651c3c900b3422cadc70d83555a5072.png)
2.
Descending triangles are (usually) what kind of continuation pattern?
The pic below is just a reminder of what types of triangle patterns we see on a chart...
KEY NOTES:
- Ascending triangles are (usually) a bullish continuation pattern
- If the market price enters the ascending triangle from the top, it will (likely) go bearish
- If the market price enters the ascending triangle from the bottom, it will (likely) go bullish
- Descending triangles are (usually) a bearish continuation pattern
- If the market price enters the descending triangle from the top, it will (likely) go bearish
- If the market price enters the descending triangle from the bottom, it will (likely) go bullish
- Symmetrical triangles are always a 50/50 pattern that could go bullish or bearish
- If the market price enters the symmetrical triangle from the top, it will (likely) go bearish
- If the market price enters the symmetrical triangle from the bottom, it will (likely) go bullish
3.
Symmetrical triangles are (always) what kind of pattern?
The pic below is just a reminder of what types of triangle patterns we see on a chart...
KEY NOTES:
- Ascending triangles are (usually) a bullish continuation pattern
- If the market price enters the ascending triangle from the top, it will (likely) go bearish
- If the market price enters the ascending triangle from the bottom, it will (likely) go bullish
- Descending triangles are (usually) a bearish continuation pattern
- If the market price enters the descending triangle from the top, it will (likely) go bearish
- If the market price enters the descending triangle from the bottom, it will (likely) go bullish
- Symmetrical triangles are always a 50/50 pattern that could go bullish or bearish
- If the market price enters the symmetrical triangle from the top, it will (likely) go bearish
- If the market price enters the symmetrical triangle from the bottom, it will (likely) go bullish
4.
If market price enters an ascending triangle from the top, which way will it (likely) go?
The pic below is just a reminder of what types of triangle patterns we see on a chart...
KEY NOTES:
- Ascending triangles are (usually) a bullish continuation pattern
- If the market price enters the ascending triangle from the top, it will (likely) go bearish
- If the market price enters the ascending triangle from the bottom, it will (likely) go bullish
- Descending triangles are (usually) a bearish continuation pattern
- If the market price enters the descending triangle from the top, it will (likely) go bearish
- If the market price enters the descending triangle from the bottom, it will (likely) go bullish
- Symmetrical triangles are always a 50/50 pattern that could go bullish or bearish
- If the market price enters the symmetrical triangle from the top, it will (likely) go bearish
- If the market price enters the symmetrical triangle from the bottom, it will (likely) go bullish
5.
If market price enters a descending triangle from the bottom, which way will it (likely) go?
The pic below is just a reminder of what types of triangle patterns we see on a chart...
KEY NOTES:
- Ascending triangles are (usually) a bullish continuation pattern
- If the market price enters the ascending triangle from the top, it will (likely) go bearish
- If the market price enters the ascending triangle from the bottom, it will (likely) go bullish
- Descending triangles are (usually) a bearish continuation pattern
- If the market price enters the descending triangle from the top, it will (likely) go bearish
- If the market price enters the descending triangle from the bottom, it will (likely) go bullish
- Symmetrical triangles are always a 50/50 pattern that could go bullish or bearish
- If the market price enters the symmetrical triangle from the top, it will (likely) go bearish
- If the market price enters the symmetrical triangle from the bottom, it will (likely) go bullish
