Welcome to the Market Patterns Challenge - Round 5
NOTE: The cutoff time for this challenge round is 10/3 12:00pm EST or 10/4 12:00am PHT and can be taken as many times as desired up to that point. All other rounds 1-4 needed to be submitted before today 12:00pm EST or midnight 12:00am PHT as has been posted on the challenge overview page. The links to rounds 1-4 are found at the bottom of the challenge overview page, but will not give access to those older rounds at this point.
Click here to go back to the 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!!! 🙂
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1.
Market channels are simply two parallel lines for a top and bottom of current market activity?
KEY NOTES:
- Market channels are two parallel lines in the market top and bottom that have a consistent direction together
- Market channels are often created when a triangle or wedge pattern cannot be formed during a market segment
- Just like wedge patterns, market channel patterns can be rising, falling or sideways in direction
2.
Market channels can be rising, falling or sideways?
KEY NOTES:
- Market channels are two parallel lines in the market top and bottom that have a consistent direction together
- Market channels are often created when a triangle or wedge pattern cannot be formed during a market segment
- Just like wedge patterns, market channel patterns can be rising, falling or sideways in direction
3.
In the pic, is the channel rising, falling or sideways?
4.
In the pic, is the channel falling, sideways or rising?
5.
In the pic, is the channel sideways, rising or falling?
