Flashcards in Qualifying Areas of Supply - Demand Basing & Formations Q4 - Q5 Deck (23)
Which question asks how many candlestick was spent ___. How much time was spent ____.
Q4 - (Basing)
How much basing means strong level.
Little 3 - 5 candlesticks Q4 (Basing)
How much basing means weak level.
Long time 6 or more candlesticks Q4 (Basing)
Most amount of time basing high probability price will turn again. True or False
False - Least Q4 (Basing)
What is the probability of a zone holding at level when price spent little time at level and with unfulfilled orders that remain on that level ____.
Greater Q4 (Basing)
When price spend a-lot of time at level order flow is already consumed probability of that zone holding at level is much _____.
Lower Q4 (Basing)
We want ___ time basing because probability is ___ of a reversal when price comes back to base the zone.
Little, Higher Q4 (Basing)
What question does Q5 address? Part 1
Which formation created the level
What question does Q5 address? Part 2
Helps find trend to follow or counter trend levels
____ & ____ are reversal patterns most often a retest of previous levels.
Peaks & Valleys Q5 (Formations)
What is most often formed in direction of trend? If trend is going forward pattern will go up.
Continuation patterns - DBD & RBR Q5 (Formations)
What are impulse waves & correct waves.
RBR Q5 (Formations)
The ____ price enter basing and leave (RBD) the higher probability of a strong supply level. True or False
Quicker/True Q5 (Formations)
The probability of a supply zone is low when basing and departure is _____. Which defines the zone as weak or slow?
Slower-Weak Q5 (Formations)
Which zones are valleys formed in?
Which zones are peaks formed in?
Demand, Supply Q5 (Formations)
What formation is quick to enter zone & leave zone and increases the probability of that level?
Drop Base Rally Q5 (Formations)
What formation enters & leave zone slowly with weak demand and low probability level?
Drop base Drop Q5 (Formations)
We want to see slow everything True or False
False - Quick Q5 (Formations)
What formation pattern has enter & leave speed with high probability and strong imbalance.
RBR - Fast Q5 (Formations)
Slow enter & leave speed out of a zone has ___ probability and ___ imbalance.
Low & Weak Q5 (Formations)
Larger time frame means (Weaker or Stronger) supply/demand zone?
Stronger Q5 (Formations)
Institutional traders with large money pay attention to ____ timeframes & move markets.
Longer Q5 (Formations)