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- A pennant chart pattern that forms during an uptrend is considered:
2. When a stock forms a pennant pattern in a downtrend, that’s likely a bearish signal.CorrectIncorrect
3. A double bottom pattern is normally a sign of a bearish reversal.CorrectIncorrect
4. A double top is considered a reversal pattern.CorrectIncorrect
5. A pivot high or pivot low are not important factors of a double bottom or double top.CorrectIncorrect
6. Descending wedge patterns are considered bearish.CorrectIncorrect
7. A bull flag signals the end of an uptrend.CorrectIncorrect
8. An ascending wedge pattern indicates a stock could be running out of steam.CorrectIncorrect
9. Strong volume & an increase in volume are the same thing.CorrectIncorrect
- As long as a stock doesn’t move lower, you have identified a level of strong support.
11. The TTG Triangle only forms right at the opening bell.CorrectIncorrect
- Volume doesn’t matter in a TTG Triangle pattern.
- After a stock breaks through resistance, it’s ok To See Volume Slow As It Pulls Back to see if previous resistance becomes support.
- Consistent volume is a true sign of strength in a chart pattern.
15. The TTG Triangle is Mike’s favorite chart pattern.CorrectIncorrect