Podcast
Questions and Answers
Fibonacci retracement levels are diagonal lines used to identify support and resistance areas in trading.
Fibonacci retracement levels are diagonal lines used to identify support and resistance areas in trading.
False
Volume is an indicator in trading that helps measure the intensity and authenticity of price movements.
Volume is an indicator in trading that helps measure the intensity and authenticity of price movements.
True
A falling stock will never find support according to trading principles.
A falling stock will never find support according to trading principles.
False
Support levels in trading always transform into resistance levels later on.
Support levels in trading always transform into resistance levels later on.
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Crossovers in trading indicate potential reversal points in the market.
Crossovers in trading indicate potential reversal points in the market.
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Horizontal lines are commonly used to represent Fibonacci retracement levels.
Horizontal lines are commonly used to represent Fibonacci retracement levels.
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Bulls get exhausted and tired during a downward move in the stock market.
Bulls get exhausted and tired during a downward move in the stock market.
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Breakouts and breakdowns can be confirmed by analyzing trading volume.
Breakouts and breakdowns can be confirmed by analyzing trading volume.
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Trend analysis in trading involves identifying patterns that indicate potential price movements.
Trend analysis in trading involves identifying patterns that indicate potential price movements.
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Reversal chart patterns are only relevant in bear markets, not bull markets.
Reversal chart patterns are only relevant in bear markets, not bull markets.
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