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If I want to view the time scale on the chart, I should check out the…

watch on my wrist… DUH!?

Y-axis (vertical axis)

X-axis (horizontal axis)

What does the peak of the upper shadow of a candlestick indicate?

Opening Price

Closing Price

High Price

Price charts blend activity from the millions of market participants, except trades made by an AI from a hedge fund.

Yes

What kind of chart draws together one closing price to the next closing price over a certain period of time?

Line Chart

Candlestick Chart

Bar Chart

What kind of chart is best used to show trends and get a “big picture” view of price movements?

Candlestick Chart

Line Chart

Bar Chart

When using bar charts, as the price fluctuations become increasingly volatile, the bars become larger. As the price fluctuations become quieter, the bars become smaller.

True

False

What does the tip of the lower shadow of a candlestick indicate?

Open Price

Closing Price

Low Price

The following are advantages of candlestick charting EXCEPT…

Candlesticks are easy to use because your eyes adapt almost immediately to the information in the bar notation.

Candlestick charts precisely predict future price movements to help you consistently open winning trades.

Candlesticks are easy to interpret and a good place for beginners to start figuring out forex chart analysis.

What is the first tool that every trader using technical analysis needs to learn?

Fibonacci Retracement Levels

Price Charts

Pivot Point Calculator

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