TH » Test: Support and Resistance Levels

Test: Support and Resistance Levels

Question 01: What do support and resistance lines graphically represent?

a) The neutral position of the price

b) The transition from a bearish trend to a bullish one

c) The transition from a bullish trend to a bearish one

d) The struggle between bulls and bears

Question 02: What is a trend?

a) A technically derived indicator of price rise or fall

b) A visually determined rise or fall in price

c) A set price indicator within one range

d) Absence of global price changes

Question 03: What parameters are used to classify the degree of importance of support and resistance lines?

a) Time scale

b) Number of touches

c) Lows and highs

Question 04: In which case would a line be more important?

a) The smaller the time scale

b) The larger the time scale

c) The more lows are used

d) The more highs are used

Question 05: In which case would a line be more reliable?

a) The more touches

b) The fewer touches

c) When there are no touches

d) The faster the trend develops

Question 06: What is a support line based on?

a) Angle of inclination

b) Duration

c) Two or more lows

d) Two or more highs

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