9
SMALLER PRICE PATTERNS AND GAPS
Questions
Subjects to Be Covered
Differentiation between patterns
Pattern recognition
Types of gaps and their significance
1. How long does a typical flag take to form on a daily chart?
A. 1 week
B. 10 weeks
C. 3 weeks
D. 3 months
2. A pennant is formed with:
A. Two converging trendlines
B. Two diverging trendlines
C. Two parallel lines
D. Two parallel lines that slope down in a downtrend and up in an uptrend
3. None of the patterns shown in this chart are perfect. Based on the description in Chapter 9, which does pattern B most closely resemble?
A. A pennant
B. A flag
C. A wedge
D. None described
4. None of the ...
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