A head and shoulders pattern is?

A) A bullish pattern
B) A bearish pattern
C) Can be both a bullish and a bearish pattern
D) None of the above

Wrong answers include: A) bullish pattern, B) bearish pattern, and D), none of the above.

The correct answer is: C) can be both bullish or bearish. A ‘inverse’ (upside down) head and shoulders is a very bullish sign, while the traditional head and shoulders is bearish.

A falling wedge is?

A) A bullish pattern
B) A bearish pattern
C) Be both bullish and bearish
D) None of the above

The wrong answers include: B) bearish pattern, C) Be both bullish and bearish, and D) none of the above.

The correct answer is: A) bullish pattern.

When reading the economic calendar, what data is more important?

A) The forecasted one
B) The actual one
C) The previous one
D) All of the above

Wrong answers include: A) The forecasted one, B) The previous one, and D) All of the above.

The correct answer is B): The actual one. The announcement will give traders an idea of where an economy is going, therefore offering a new bit of fundamental analysis.

When a bullish flag breaks, the price is moving?

A) To the upside
B) To the downside
C) Not moving
D) None of the above

The wrong answers include: B) To the downside, C) Not moving, and D) none of the above.

The correct answer is: A) To the upside.