Support/Resis - Alt Chart - Trade Lines Flashcards Preview

Swing Trading > Support/Resis - Alt Chart - Trade Lines > Flashcards

Flashcards in Support/Resis - Alt Chart - Trade Lines Deck (32)
Loading flashcards...
1

The Y-axis vertical line is always to the ___ of the lowest point of viewing.

Left

2

The 50% line can be resistant or support. True or False

False it is neutral

3

In a new chart where is the lowest point?

opening price

4

Use wicks for swing low + swing high. True or False

True

5

How many candlesticks are needed to confirm a trend?

Three

6

What are the two waves and how do they move?

Impulse/Corrective - Fast-Longer/Slow-Shorter

7

A stock will continue an uptrend or downtrend after how many tries at the resistant line or support line.

Three

8

What are the altitude bottom and top lines?

Swing Low and Swing High lines

9

What are the middle lines in an altitude chart?

Support & Resistant lines

10

Can support & resistant lines be tested multiple times? Yes or No

Yes

11

How many years should we go back with Technical Analysis?

As far as 10 years or more.

12

When does a zone have the most power to support the price?

Least Active

13

When does a zone have the probability to change the direction of the price?

When its most active

14

Define power in the demand zone.

When the price is cheap and in the demand zone

15

When does a zone start?

After the first major Swing Low or Swing High

16

When are buyers winning?

During an uptrend

17

When are sellers winning?

During a downtrend

18

In an uptrend, we are looking for resistant lines to become what?

Support Lines

19

In a downtrend, we are looking for support lines to become what?

Resistant Lines

20

Where does a downtrend line go?

At the top of the downtrend pattern

21

Where does an uptrend line go?

At the bottom of the trend pattern

22

When is a trend line out of play?

Once price breaks the trend line

23

What kind of trend lines do we have?

Minor & Major Trend lines.

24

Impulse waves can refer to upward movements in uptrends or downward movements in downtrends. No up or downtrend no impulse or corrective. True or False

True

25

Corrective waves are waves that move with the trend. True or False

False - Against Trend

26

Impulse waves are waves that net move against the direction of the trend at one larger degree. True or False

False - With Trend

27

Corrective wave patterns are patterns that reverses from current trend? True or False

True

28

What is a minor trend line?

Smaller movements which tend to last for very short periods of time

29

What is a major trend line?

Main trend over a longer period of time

30

If impulse waves are where the money is what do we do with Impulse waves as far as buying and selling?

Ride the wave meaning buy on the way up, buy more on the bottom of dip, sell or hold on next peak, buy more on the pullback, and sell or hold on the next peak etc.