Stock Market Chart Pattern Quiz Mock Test: Paper 2

1 votes, 5 avg

Stock Market Quizzes

Chart Pattern Quiz Mock Test (paper 2)

This is a FREE mock test. Beware of scammers who ask for money to attend this test.

Total number of questions: 40
Time allotted: 20 minutes
Pass Score: 45%
Certificate: Yes
Random questions: Yes
Do not refresh the page
All the best!

1 / 40

1. What role do "wedges," "triple top," and "triple bottom" patterns play in technical analysis?

A) They determine trading volume.

B) They confirm the strength of a trend.

C) They predict exact price levels.

D) They assist in identifying potential trend reversals.

2 / 40

2. In a "diamond pattern," what is the shape of the pattern itself?

A) Hexagonal.

B) Rectangular.

C) Triangular.

D) Circular.

3 / 40

3. What is the primary characteristic of a "symmetrical triangle" chart pattern?

A) It has ascending trendlines.

B) It represents a bullish trend reversal.

C) It indicates a bearish trend continuation.

D) It features horizontal trendlines.

4 / 40

4. What is the primary characteristic of a "rising wedge" pattern?

A) Three peaks with the middle one being the highest.

B) A consolidation phase.

C) A bullish trend continuation.

D) Downward-sloping trendlines.

5 / 40

5. What role do "gaps" play in technical analysis?

A) They confirm the strength of a trend.

B) They provide insights into price jumps and potential price movements.

C) They determine trading volume.

D) They predict exact price levels.

6 / 40

6. In a "cup and handle" pattern, what is the significance of the "handle" formation?

A) It indicates a potential breakout point.

B) It resembles a cup.

C) It marks the end of the pattern.

D) It represents a bearish trend.

7 / 40

7. What is the primary characteristic of the "head" in a "head and shoulders" pattern?

A) It represents the highest peak.

B) It signals a bullish continuation.

C) It resembles a cup.

D) It indicates a period of market indecision.

8 / 40

8. What role do "symmetrical, ascending, and descending triangles" play in technical analysis?

A) They indicate potential trend reversals.

B) They confirm the strength of a trend.

C) They assist in identifying potential breakout opportunities.

D) They predict exact price levels.

9 / 40

9. What is the primary characteristic of a "triple bottom" pattern?

A) Three troughs, with the middle one being the lowest.

B) A period of market indecision.

C) Horizontal trendlines.

D) Three peaks, with the middle one being the highest.

10 / 40

10. In an "ascending triangle" chart pattern, what is the significance of the ascending support line?

A) It signals a consolidation phase.

B) It indicates a potential breakout point.

C) It marks the end of a trend.

D) It represents a bearish trend continuation.

11 / 40

11. What is the key feature of a "triple top" pattern?

A) Horizontal trendlines.

B) Three peaks, with the middle one being the highest.

C) A period of market indecision.

D) Three troughs, with the middle one being the lowest.

12 / 40

12. What is the primary characteristic of a "falling wedge" pattern?

A) Downward-sloping trendlines.

B) A consolidation phase.

C) A bullish trend continuation.

D) Three peaks with the middle one being the highest.

13 / 40

13. What do "triple top" and "triple bottom" patterns have in common?

A) They represent consolidation phases.

B) They consist of three peaks.

C) They are continuation patterns.

D) They both signal bullish reversals.

14 / 40

14. What role do "cup and handle" and "head and shoulders" patterns play in technical analysis?

A) They determine trading volume.

B) They assist in identifying potential trend reversals.

C) They confirm the strength of a trend.

D) They predict exact price levels.

15 / 40

15. In a "triple top" pattern, what is the significance of the middle peak?

A) It marks the end of the pattern.

B) It represents the highest peak.

C) It signals a bullish breakout.

D) It serves as resistance.

16 / 40

16. What does a "head and shoulders" pattern typically consist of?

A) Three peaks, with the middle one being the highest.

B) A rounded bottom and a rounded top.

C) A single peak.

D) Two peaks and one trough.

17 / 40

17. What is the primary characteristic of a "symmetrical triangle" chart pattern?

A) A descending resistance line.

B) A period of market indecision.

C) A consolidation phase.

D) Ascending trendlines.

18 / 40

18. What is the primary characteristic of a "cup and handle" pattern?

A) It indicates a consolidation phase.

B) It signals a bearish trend reversal.

C) It features a sharp price spike.

D) It resembles a cup with a handle.

19 / 40

19. What is the primary purpose of "symmetrical, ascending, and descending triangles" in technical analysis?

A) To predict exact price levels.

B) To identify potential trade entries.

C) To help traders anticipate potential breakout directions.

D) To visualize trend consolidation.

20 / 40

20. What is a common outcome of "false signals" in technical analysis?

A) A trend reversal.

B) An increase in trading volume.

C) A price consolidation.

D) Misleading trading decisions.

21 / 40

21. In an "ascending triangle" chart pattern, what is the significance of the horizontal resistance line?

A) It signals a bearish trend reversal.

B) It indicates a potential breakout point.

C) It marks the end of a trend.

D) It represents a bullish trend continuation.

22 / 40

22. What is the primary characteristic of a "gap" in technical analysis?

A) It signals a bullish trend reversal.

B) It indicates a consolidation phase.

C) It reflects an empty price range between two trading sessions.

D) It represents a sharp price spike.

23 / 40

23. What is the primary purpose of "wedges," "triple top," and "triple bottom" patterns in technical analysis?

A) To signal potential trend reversals.

B) To visualize trend consolidation.

C) To predict exact price levels.

D) To identify potential trade entries.

24 / 40

24. What does a "descending triangle" chart pattern typically represent?

A) A consolidation phase.

B) A period of market indecision.

C) A bullish trend reversal.

D) A bearish trend continuation.

25 / 40

25. What is the primary purpose of identifying "gaps" in technical analysis?

A) To predict exact price levels.

B) To confirm the strength of a trend.

C) To identify potential trade entries.

D) To understand sudden shifts in market sentiment.

26 / 40

26. What is the primary purpose of "cup and handle" and "head and shoulders" patterns" in technical analysis?

A) To visualize trend consolidation.

B) To signal potential trend reversals.

C) To predict exact price levels.

D) To identify potential trade entries.

27 / 40

27. In a "falling wedge" pattern, what is the significance of the narrowing range?

A) It suggests market indecision.

B) It indicates a bearish trend continuation.

C) It represents a consolidation phase.

D) It signals a bullish breakout.

28 / 40

28. What is the primary characteristic of an "ascending triangle" chart pattern?

A) Horizontal support and resistance lines.

B) A descending resistance line.

C) A bullish trend continuation.

D) A period of market indecision.

29 / 40

29. In a "rising wedge" pattern, what is the significance of the narrowing range?

A) It signals a bearish breakout.

B) It represents a bullish trend continuation.

C) It suggests market indecision.

D) It indicates a consolidation phase.

30 / 40

30. What is the significance of the "handle" in a "cup and handle" pattern?

A) It marks the end of the pattern.

B) It represents a consolidation phase.

C) It indicates a bearish reversal.

D) It resembles a cup.

31 / 40

31. What role does the "neckline" play in a "head and shoulders" pattern?

A) It represents the middle peak.

B) It marks the end of the pattern.

C) It indicates a bullish trend.

D) It serves as a potential breakout point.

32 / 40

32. In a "cup and handle" pattern, what does the "cup" represent?

A) A market indecision.

B) A bullish trend continuation.

C) A bearish trend reversal.

D) A consolidation phase.

33 / 40

33. What is the key feature of a "head and shoulders" pattern?

A) A bullish trend continuation.

B) A consolidation phase.

C) A rounded bottom.

D) Three troughs, with the middle one being the lowest.

34 / 40

34. In technical analysis, what is the significance of a "false signal"?

A) It predicts exact price levels.

B) It represents a reliable trading opportunity.

C) It confirms the strength of a trend.

D) It can lead to incorrect trading decisions.

35 / 40

35. In a "symmetrical triangle" chart pattern, what does the convergence of trendlines indicate?

A) A bullish trend continuation.

B) A bearish trend reversal.

C) A period of market indecision.

D) A consolidation phase.

36 / 40

36. What does it mean when a pattern is considered "valid" in technical analysis?

A) It confirms the strength of a trend.

B) It adheres to established pattern criteria.

C) It predicts exact price levels.

D) It represents a false signal.

37 / 40

37. What is the primary purpose of identifying "valid patterns" in technical analysis?

A) To confirm the strength of a trend.

B) To identify potential trade entries.

C) To distinguish between true and false signals.

D) To predict exact price levels.

38 / 40

38. In a "descending triangle" chart pattern, what is the significance of the horizontal support line?

A) It indicates a consolidation phase.

B) It represents a bearish trend continuation.

C) It marks the end of a trend.

D) It signals a potential breakout point.

39 / 40

39. What is a key consideration when assessing the validity of a chart pattern in technical analysis?

A) The pattern's position on the chart.

B) The color of the pattern.

C) The pattern's alignment with established criteria.

D) The shape of the pattern.

40 / 40

40. In a "diamond pattern," what is the significance of the narrowing price range?

A) It indicates a consolidation phase.

B) It marks the end of a pattern.

C) It represents a bearish trend.

D) It signals a bullish breakout.

Please provide accurate information to ensure the delivery of your Achievement Certificate by mail

NameEmailPhone Number

Your score is

Please write your feedback

Thanks for giving your valuable feedback.

Please provide accurate information to ensure the delivery of your Achievement Certificate by mail

Leave a Comment Cancel Reply