Chartists Advocate That

question 76

Multiple Choice

Chartists advocate that

• A) formations are less important than the direction of the latest price movement.
• B) history repeats itself.
• C) patterns appear that are very clear and distinctive.
• D) a breakout below a support line is a buy signal.

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Definitions:

Mean

A measure of central tendency that is calculated by summing the values in a dataset and dividing by the number of values.

Normal Curve

A bell-shaped curve that depicts the distribution of data points in a way where most of the observations cluster around the mean, showing the properties of symmetry and asymptotic tails.

Standard Deviation

A metric indicating the degree of spread or diversity among values in a dataset.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the total number of values.