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Support and Resistance Levels

 

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Created on By b485e218b83cfa9f1825edd3f4167b51?s=32&d=mm&r=gOver1251

Support and Resistance Levels

1 / 10

A line drawn down the bottom of clearly apparent support areas (valleys) is referred to as what?

2 / 10

What are you accomplishing if you buy when the price breaks through resistance and sell when the price breaks through support?

3 / 10

What happens when a parallel line is drawn at the same angle as an uptrend or downtrend?

4 / 10

Which of the following best describes both support and resistance?

5 / 10

Which line(s) in the accompanying chart would be regarded a support line?

5. Which lines in the accompanying chart would be regarded a support line

6 / 10

Which line(s) in the accompanying chart would be regarded a resistance line?

6which line in the accompanying

7 / 10

When the price breaks past a resistance level, it has the potential to...

8 / 10

How many tops and bottoms are required to confirm a trend line?

9 / 10

Which of the colored areas in the chart below would be considered a resistance zone?

9. Which of the colored areas in the chart below

10 / 10

What exactly is a "false breakout"? (check two options)

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