Quiz on Lesson ” Horizontal Support/Resistance “

What are horizontal support and resistance levels in technical analysis?

A. Trend lines

B. Areas on a price chart that support or resist price movements

C. Timeframes for trading

What is the principle behind recurring tests?

A. Levels become weaker with each test from the same direction

B. Levels become stronger with each test from the same direction

C. Levels remain the same with each test from the same direction

What is the key difference between micro and rounded retests?

A. Micro retests occur immediately after a level is broken, while rounded retests occur after a prolonged period of time away from the level

B. Rounded retests occur immediately after a level is broken, while micro retests occur after a prolonged period of time away from the level

C. There is no difference between micro and rounded retests

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