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

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9

SMALLER PRICE PATTERNS AND GAPS

Questions

Subjects to Be Covered

Differentiation between patterns

Pattern recognition

Types of gaps and their significance

1. How long does a typical flag take to form on a daily chart?

A. 1 week

B. 10 weeks

C. 3 weeks

D. 3 months

2. A pennant is formed with:

A. Two converging trendlines

B. Two diverging trendlines

C. Two parallel lines

D. Two parallel lines that slope down in a downtrend and up in an uptrend

3. None of the patterns shown in this chart are perfect. Based on the description in Chapter 9, which does pattern B most closely resemble?

A. A pennant

B. A flag

C. A wedge

D. None described

Image

4. None of the ...

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