2.1.4 Quiz – GhosTrades

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Question 1 of 5

1. Question
How do trendlines help in analyzing market structure?
- They help confirm the accuracy of price movements.
- They highlight pushups and breakout candles.
- They confirm uptrends and downtrends.
- They determine support and resistance levels.
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Question 2 of 5

2. Question
How do traders analyze price reactions to trendlines for potential trading opportunities?
- By observing successful bounces off trendlines for buying or selling opportunities.
- By disregarding price reactions near trendlines.
- By considering price reactions as insignificant.
- By assuming that price breaks above or below trendlines are insignificant.
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Question 3 of 5

3. Question
Which of the following statements best describes the role of trendlines in trading?
- Trendlines are static levels of support and resistance that traders are sure to ignore signs of buying or selling in the market.
- Trendlines are used solely for determining market sentiment changes.
- Trendlines act as dynamic support and resistance levels, causing price reactions when approached. Traders analyze these reactions for potential trading opportunities.
- Trendlines are fixed support and resistance levels that never change.
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Question 4 of 5

4. Question
What does a market reversal indicate?
- A continuation of the current trend.
- An increase in market volatility.
- A change in the direction of the market.
- A temporary pause in price movements.
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Question 5 of 5

5. Question
What is the main message conveyed by “Don’t Force and Don’t Ignore” trends within the chart?
- Take every trade opportunity that presents itself.
- Pay attention to trends and trading opportunities that stand out and are easily identifiable.
- Trust your instincts and force trades even if the chart looks ugly.
- Avoid trading altogether and sit on your hands.
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