2.2.2 Quiz – GhosTrades

Home
Login

2.2.2 Quiz

Home
Quizzes
2.2.2 Quiz

2. Intermediate Charting 2.2 Support and Resistance 2.2.2 Charting Support and Resistance 2.2.2 Quiz

Time limit: 0

Quiz Summary

0 of 5 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 5 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Charting Basic 0%

1
2
3
4
5

Current
Review
Answered
Correct
Incorrect

Question 1 of 5

1. Question
What is the purpose of drawing lines on trading charts for technical analysis?
- To create artistic designs and enhance the visual appeal of the charts.
- To provide visual cues for identifying patterns, potential entry and exit points, and overall market sentiment.
- To confuse traders and hinder their decision-making process.
- To apply specific lines on charts for the price action to follow like a magnet.
Correct

Incorrect
Question 2 of 5

2. Question
Why are support and resistance levels considered areas of interest rather than absolute levels?
- They are influenced by psychological factors, market sentiment, and supply and demand dynamics and therefore, don't always hit at a specific price.
- They are fixed price levels that cannot be altered.
- They have a direct impact on the direction of price movement.
- They create a significant reaction to the value of the option prices.
Correct

Incorrect
Question 3 of 5

3. Question
When analyzing support and resistance levels on charts, what is the recommended approach for moving the crosshairs?
- Move the crosshairs from left to right to identify support and resistance levels accurately.
- Utilize a specific charting program that provides predefined support and resistance levels.
- Move the crosshairs up and down on the charts to locate the support and resistance levels.
- Utilize a Fibonacci indicator because it is the exact same as support and resistance.
Correct

Incorrect
Question 4 of 5

4. Question
Support and Resistance lines are drawn manually by traders.
- TRUE
- FALSE
Correct

Incorrect
Question 5 of 5

5. Question
How can price action behave when it encounters a support or resistance level?
- It breaks through the level without any hesitation.
- It bounces off the level or reverses its direction.
- It remains stagnant in the area and does not exhibit significant movement until it figures out the direction it wants to go.
- All of the above.
Correct

Incorrect

Prev
Next

Privacy Policy User Terms

© 2025 GhosTrades. All rights reserved

Privacy Preference Center

Privacy Preferences