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Why is price action important for technical analysis?
Price action analysis works on all time frames and all market.
Which of the following methods of making trading decisions can serve traders well in the long run? Pick 2.
A strategy which generally buys into resistance is likely to be a profitable one
Why can technical analysis be profitable? Pick as many or as few as you like.
Horizontal support and resistance is the only one way to identify potential turning prices.
Trading is a zero-sum game.
According to trader Curtis Faith, what are the 3 reasons explaining why support and resistance works?
The most basic ingredient for successful technical analysis is the:
The strength of a support and resistance level depends on which factors? Pick as many or as few as you like.
Prices spend several weeks in a congestion area and then drop below support. Which of the following trading choices should be considered on the following day? Pick as many or as few as you like.
Consider what the underlying order flow is: would a risk averse trader buy into selling area or sell into a buying area?