Qualifying Areas of Supply - Demand Basing & Formations Q4 - Q5 Flashcards
Which question asks how many candlestick was spent ___. How much time was spent ____.
Q4 - (Basing)
How much basing means strong level.
Little 3 - 5 candlesticks Q4 (Basing)
How much basing means weak level.
Long time 6 or more candlesticks Q4 (Basing)
The more time basing means a high probability price will reverse. True or False
False - Least Q4 (Basing)
What is the probability of a zone holding at level when price spent little time at level and with unfulfilled orders that remain on that level ____.
Greater Q4 (Basing)
When price spend a-lot of time at level order flow is already consumed probability of that zone holding at level is much _____.
Lower Q4 (Basing)
We want ___ time basing because probability is ___ of a reversal when price comes back to base the zone.
Little, Higher Q4 (Basing)
What question does Q5 address?
Which (formation) created the level
What question does Q5 address? Part 2
Helps find trend to follow or counter trend levels
____ & ____ are reversal patterns most often a retest of previous levels.
Peaks & Valleys Q5 (Formations)
What formation is most often formed in direction of trend? If trend is going forward pattern will go up and vice versa going down.
Continuation patterns - DBD & RBR Q5 (Formations)
What pattern/formation does impulse waves & correct waves create?
RBR Q5 (Formations)
The quicker price enter a zone, with short basing, and leave the higher probability of a strong supply or demand level. True or False
True Q5 (Formations)
The probability of a supply zone is low when basing and departure is _____. Which defines the zone as strong or weak?
Slow-Weak Q5 (Formations)
Which zones are valleys formed in?
Which zones are peaks formed in?
Origin Demand & Origin Supply Q5 (Formations)
