Chapter 4 – SimpleTRADES

In this example the high on the candle was exactly $68 and then dropped. What is this called?

1. Support on the whole number $68

2. Resistance on the whole number of $68

3. Resistance on previous candle high

4. Support on previous candle high

Correct! Wrong!

In the chart example, there are two green arrows pointing out that the lows for both candles were both the same price $66.06. What is the likely scenario to unfold next?

1. This is strong resistance so price will likely go up from here

2. This is strong support so price will likely go down from here

3. This is strong support so price will likely go up from here

4. None of the above

Correct! Wrong!

In this chart example the purple arrows are pointing out that the left candles low is $70.29 and the right candles low is $70.30. What does this likely mean?

1. Great chance price will be going up

2. The right candle low came within 1 cent of the previous candles low and then went up after

3. This would be a strong support signal

4. All of the above

Correct! Wrong!

In this chart example you can see there is strong resistance at the exact price of $66 while also strong support at $64.02. What would be the best plan here?

1. Wait for price to break above the resistance or below the support

2. Take a buy position because with the bullish candle and dema position it is likely to go up

3. Take a short trade based on the strong whole number resistance of $66

4. None of the above

Correct! Wrong!

The purple arrow is pointing to two candle highs in row of exactly $80. What is likely to happen next?

1. Price will drop because of the strong resistance at $80

2. Price will rise because of strong support at $80

3. Price will go sideways

4. All of the above

Correct! Wrong!

In this chart example the candles low was $109.98 and then rebounded strong. What is the whole number on this support?

1. $110

2. $109

3. $109.98

4. None of the above

Correct! Wrong!

In this chart example we see 4 candles. What would the resistance price be?

1. 81

2. 82

3. 83

4. 80

Correct! Wrong!

In this chart example where do you see the resistance?

1. The resistance is at $200

2. There is only support showing at $200

3. The resistance is at $220

4. All of the above

Correct! Wrong!

In this chart example, where is the resistance?

1. 36.51

2. 37

3. 36

4. 35

Correct! Wrong!

What are two reasons to buy on the next candle?

1. Support at 73 and overextended

2. Support at 73 and price needs to go back up to DEMA

3. Support at 73 and higher lows from previous 2 candles

4. All of the above

Correct! Wrong!

In this example the high on the candle was exactly $68 and then dropped. What is this called?

In the chart example, there are two green arrows pointing out that the lows for both candles were both the same price $66.06. What is the likely scenario to unfold next?

In this chart example the purple arrows are pointing out that the left candles low is $70.29 and the right candles low is $70.30. What does this likely mean?

In this chart example you can see there is strong resistance at the exact price of $66 while also strong support at $64.02. What would be the best plan here?

The purple arrow is pointing to two candle highs in row of exactly $80. What is likely to happen next?

In this chart example the candles low was $109.98 and then rebounded strong. What is the whole number on this support?

In this chart example we see 4 candles. What would the resistance price be?

In this chart example where do you see the resistance?

In this chart example, where is the resistance?

What are two reasons to buy on the next candle?

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