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Candlestick Charting Demystified by Wayne A. Corbitt

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Final Exam

1.  Technical analysis is used for

A.   Predicting price movement

B.   Guaranteeing that a trade will be successful

C.   Determining what price is likely to do

D.   All of the above

2.  What is the purpose of shadows in candlestick construction?

A.   To show the time of day that a trade was made

B.   To show the extreme high and low prices of the day

C.   To create specific candlestick patterns

D.   None of the above

3.  Which of Sakata’s strategies means “buy, sell, and rest”?

A.   Three gaps

B.   Three methods

C.   Three soldiers

D.   Three rivers

4.  Moving averages are used to reflect

A.   Support/resistance areas

B.   Trends

C.   Both A and B

D.   None of the above

5.  Which candle type has opening and closing ...

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