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Questions and Answers
Fibonacci retracement levels are vertical lines on a stock chart.
Fibonacci retracement levels are vertical lines on a stock chart.
False
When a stock is falling, Fibonacci retracement levels can help identify potential support and resistance areas.
When a stock is falling, Fibonacci retracement levels can help identify potential support and resistance areas.
True
Bulls get tired in a downward stock movement according to Fibonacci retracement levels.
Bulls get tired in a downward stock movement according to Fibonacci retracement levels.
False
Volume is not a relevant indicator in understanding stock price movements.
Volume is not a relevant indicator in understanding stock price movements.
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Breakout and Breakdown are unrelated to volume according to the text.
Breakout and Breakdown are unrelated to volume according to the text.
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Support always turns into resistance in stock trading as per the information provided.
Support always turns into resistance in stock trading as per the information provided.
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Horizontal lines on a stock chart indicate Fibonacci retracement levels according to the text.
Horizontal lines on a stock chart indicate Fibonacci retracement levels according to the text.
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Fibonacci retracement levels are only useful during upward stock movements.
Fibonacci retracement levels are only useful during upward stock movements.
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RSI (Relative Strength Index) is mentioned as a key indicator in the text.
RSI (Relative Strength Index) is mentioned as a key indicator in the text.
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A strong trend ensures that a falling stock always finds support.
A strong trend ensures that a falling stock always finds support.
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