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MISCELLANEOUS TECHNIQUES FOR DETERMINING TRENDS
Answers
1. G. There is no known technique that will enable consistent forecasting of the magnitude and duration of a price move in freely traded markets.
2. A.
3. F. Prices do not move proportionately in arithmetic charts. Therefore, A is incorrect.
4. A. B and C may be good advice, but they were not covered in the text.
5. B. The principles of proportion should be applied to ratio, not arithmetic, charts.
6. D.
7. B.
8. E. Fibonacci only represents an intelligent place to anticipate a reversal. Therefore, a review of other indicators is mandatory. When the line is penetrated, you can expect lower prices, but you must review the other indicators. For example, the price may be oversold at that ...
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