The Wave Chart – 22M Quiz

The markets behavior on the small intra-day waves afford no valuable indication of the future intermediate and major trends.

When a period of distribution is about ended, a study of the small buying and selling waves will usually reveal the imminence of the active marking down phase.

A tape reader is able to detect these critical stages at their very beginning and thereby gains the advantage of.

A wave chart enables those who cannot watch the market constantly throughout the day to see a condensed easily to understand record of changes in supply and demand.

The wave chart is the pulse of the market.

A wave chart allows you to easily study.

When activity is increasing while the price is rising or the activity is decreasing while the price is declining, the indication is usually bearish.

Abnormally large volume may indicate the culmination of the movement.

What is signified by the area outlined in blue on the intraday wave chart.

What is signified by the first blue circle at the top of the intra-day chart.

What is signified by the blue box on the intra-day chart.

What is signified by the second circle on the lower right of the intra-day chart.