Technical Analysis in Trading
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Questions and Answers

What is the purpose of mastering the 18 setups in trading?

  • To always win in trading
  • To counter attack the bears successfully
  • To predict the market direction accurately
  • To trade effectively in various market scenarios (correct)

    • Which setup involves 'Three Black Crows'?

  • Distribution (correct)
  • Three White Soldiers
  • Double Top
  • Bear Counter Attack

    • What is the role of volume in trading according to the text?

  • Determining the number of candles in a setup
  • Indicating the intensity and authenticity of candles (correct)
  • Countering bearish attacks effectively
  • Ensuring a successful bullish breakout

    • What happens when price encounters resistance after a counter attack?

    <p>Bears counter attack successfully</p> Signup and view all the answers

    How does the text describe the relationship between support and resistance?

    <p>Support turns into Resistance in different scenarios based on market conditions</p> Signup and view all the answers

    What is a possible indication of accumulation in the context of trading?

    <p>A series of neutral candles at the support level</p> Signup and view all the answers

    In trading, what does it mean when 'support turns into resistance'?

    <p>Price levels that previously acted as a floor now act as a ceiling for the price</p> Signup and view all the answers

    What do many neutral candles at the bottom/support suggest in trading?

    <p>Potential accumulation taking place</p> Signup and view all the answers

    What could be inferred from the phrase 'Boxing bout between Bulls and Bears' in the context of trading?

    <p>A period of high uncertainty and indecision in the market</p> Signup and view all the answers

    How can 'accumulation' be distinguished from 'distribution' in trading?

    <p>'Accumulation' signifies a period where informed traders are building positions, whereas 'distribution' indicates profit-taking by informed traders</p> Signup and view all the answers

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