Understanding Trends Flashcards by Michael Agwu | Brainscape

Q

what are the 3 types of trends?

A

upward
downward
consolidation

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

the longer the trend = …

A

the stronger the trend

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

how does one draw a trend line?

A

connect 3 price points with a line

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

the more times the price touches the trend line…

A

the stronger the trend can be considered

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

what is a sign of a trend reversal?

A

shortening length between price point touches

How well did you know this?

1

Not at all

2

3

4

5

Perfectly