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Study Guide for Technical Analysis Explained Fifth Edition, 5th Edition by Martin J. Pring

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8

CLASSIC PRICE PATTERNS

Questions

Subjects to Be Covered

Transitional phases in markets

Identification of price patterns

Ratio and arithmetic scaling

Significance of price patterns

Measuring implications

Determining the validity of a breakout

1. To the market technician, the transitional phase has great significance because:

A. It is easy to spot.

B. It always takes the form of a V formation.

C. It marks the turning point between a rising and a falling market.

D. A and B

2. How are transition phases signaled in the markets?

A. By monitoring stories in the media

B. By adopting the Dow theory

C. By quiet market action

D. By clearly definable price patterns or formations

3. The “line” formation developed from Dow theory is similar to:

A. A triangle ...

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