Which is the CORRECT interpretation of the candlestick hammer pattern?

• A.A hammer has no lower shadow
• B.A hammer comes after market rallies
• C.A hammer need not be confirmed by other indicators
• D.A hammer always has a black real body

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What is the proper use of long-term charts versus daily price charts?

• A.Daily price charts allow for a better assessment of the price trend
• B.Long-term charts are more useful for making trading decisions
• C.Daily price charts allow for a thorough trend analysis
• D.Long-term charts allow for a better assessment of the price trend

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Which of the following is the calculation for price objective using the horizontal count method?
(Note: X is the multiplication symbol in this question)

• A.Price level of the lowest box (for up counts) + (number of boxes in the reversal columns X reversal size)
• B.Price level of the lowest box (for up counts) of the base + (number of columns of the base X reversal size)
• C.Price level of the lowest box (for up counts) X number of boxes in the reversal columns X reversal size
• D.Price level of the lowest box (for up counts) of the base X number of columns of the base X reversal size

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Which of the following is a CORRECT point and figure chart pattern interpretation?

• A.Upside breakout above an ascending triple top signals sell
• B.Downside breakout below a bearish support line signals buy
• C.Upside breakout above a bullish resistance line signals sell
• D.Downside breakout of a bearish triangle signals sell

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What is the measuring objective for flags and pennants?

• A.The move after the pattern will be equal to the move before the pattern
• B.Flags fly at half mast and pennants are considered reversal patterns
• C.Half the distance of the preceding move from breakout to the flag or pennant
• D.There is a different measuring objective for each

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