TH » Test: Ascending and Descending Wedges

Test: Ascending and Descending Wedges

Question 01: What is an ascending wedge in an uptrend considered to be?

a) A reversal pattern

b) A continuation pattern

c) A price high

d) A price low

Question 02: What is an ascending wedge in a downtrend considered to be?

a) A full market retracement

b) A partial market retracement

c) A full market continuation

d) A partial market continuation

Question 03: What is prioritized in the first method of trading with an ascending wedge?

a) Entering the market to place a buy order

b) Entering the market to place a sell order

c) Confirming false breakouts

Question 04: What is a descending wedge in a downtrend considered to be?

a) A reversal pattern

b) A continuation pattern

c) A price high

d) A price low

Question 05: What is a descending wedge in an uptrend considered to be?

a) A reversal pattern

b) A continuation pattern

c) A price high

d) A price low

Question 06: What is prioritized in the first method of trading with a descending wedge?

a) Entering the market to place a buy order

b) Entering the market to place a sell order

c) Confirming false breakouts

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