TH » Test: Ascending and Descending Triangles

Test: Ascending and Descending Triangles

Question 01: What does an ascending triangle provide for a trader?

a) Possible conditions for selling

b) Possible conditions for buying

c) Possible conditions for halting trading

d) Possible conditions for a reversal

Question 02: What does a descending triangle provide for a trader?

a) Possible conditions for selling

b) Possible conditions for buying

c) Possible conditions for halting trading

d) Possible conditions for a reversal

Question 03: When does a symmetrical triangle appear?

a) When the price doesn't change significantly

b) When the price stays at one level

c) When the price reaches lower lows and higher highs

d) When the price reaches lower highs and higher lows

Question 04: Where is the stop-loss placed in the first method of trading using a descending triangle?

a) Below the downward-sloping side of the pattern

b) Above the upward-sloping side of the pattern

c) Below the upward-sloping side of the pattern

d) Above the downward-sloping side of the pattern

Question 05: Where is the stop-loss placed in the second method of trading using a descending triangle?

a) Above the new support zone

b) Below the new support zone

c) Above the new resistance zone

d) Below the new resistance zone

Question 06: Which statement is correct in the first method of trading using symmetrical triangles?

a) When buying, the stop-loss should be placed above the lower side

b) When buying, the stop-loss should be placed below the lower side

c) When selling, the stop-loss should be placed above the lower side

d) When selling, the stop-loss should be placed below the lower side

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