Welcome to the Market Patterns Challenge - Round 4
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.
How many types of wedge patterns could a market create?
KEY NOTES:
- Wedge patterns are simply a triangle pattern without the two ends meeting before a market breakout or breakdown happens
- Just like triangle patterns, there are 3 types of wedge patterns
- Falling wedge
- Rising wedge
- Sideways wedge
- Wedge patterns must breakout or breakdown in every market scenario, just like triangle patterns do
- Wedge patterns also can be considered a bull or bear flag depending on the market situation
2.
Could a wedge pattern also be considered a triangle pattern?
KEY NOTES:
- Wedge patterns are simply a triangle pattern without the two ends meeting before a market breakout or breakdown happens
- Just like triangle patterns, there are 3 types of wedge patterns
- Falling wedge
- Rising wedge
- Sideways wedge
- Wedge patterns must breakout or breakdown in every market scenario, just like triangle patterns do
- Wedge patterns also can be considered a bull or bear flag depending on the market situation
3.
In the pic below, is the wedge falling, rising or sideways?
4.
In the pic below, is the wedge rising, sideways or falling?
5.
In the pic below, is the wedge sideways, falling or rising?
