Quizzes 69 to 72

Fibonacci tools are?

A) Expansion
B) Retracement
C) time zones
D) all of the above

The wrong answers include A) expansion, B) retracement, and C) time zones.

The correct answer is D), all of the above. There are several different tools that use Fibonacci numbers to predict support and resistance.

A trendline is?

A) The line of a trend
B) a normal line on the screen
C) it has no value
D) none of the above

The wrong answers include B) a normal line on the screen, C) it has no value, and D) none of the above.

The correct answer is A) the line of the trend. Trendlines tend to offer dynamic support and resistance in a trend, as they are tested several times and continue to offer either said support or resistance.

The minimum number of points to define a trendline is?

A) Four
B) Three
C) Two
D) Six

Wrong answers include A) Four, B) Three, and D), Six.

The correct answer is B) Two. Having said that, the more touches that a trendline receives, the more reliable it tends to be.

Which of the following are trading theories?

A) Elliott Wave theory
B) Gartley trading method
C) point and figure
D) all of the above

The wrong answers include A) Elliott Wave theory, B) Gartley trading method, and C) point and figure.

The correct answer is D) all of the above.

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