10 Questions
What is the purpose of mastering the 18 setups in trading?
To trade effectively in various market scenarios
Which setup involves 'Three Black Crows'?
Distribution
What is the role of volume in trading according to the text?
Indicating the intensity and authenticity of candles
What happens when price encounters resistance after a counter attack?
Bears counter attack successfully
How does the text describe the relationship between support and resistance?
Support turns into Resistance in different scenarios based on market conditions
What is a possible indication of accumulation in the context of trading?
A series of neutral candles at the support level
In trading, what does it mean when 'support turns into resistance'?
Price levels that previously acted as a floor now act as a ceiling for the price
What do many neutral candles at the bottom/support suggest in trading?
Potential accumulation taking place
What could be inferred from the phrase 'Boxing bout between Bulls and Bears' in the context of trading?
A period of high uncertainty and indecision in the market
How can 'accumulation' be distinguished from 'distribution' in trading?
'Accumulation' signifies a period where informed traders are building positions, whereas 'distribution' indicates profit-taking by informed traders
Test your knowledge on technical analysis concepts used in trading, such as accumulation and support turning into resistance. Identify patterns like sideways action with neutral candles and understand the behavior of Bulls and Bears in the market.
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