Which One of the Following Is Correct Concerning a Head

question 49

Multiple Choice

Which one of the following is correct concerning a head and shoulders top pattern?

• A)The outside of the right shoulder is a bullish signal.
• B)The shoulders are higher than the head.
• C)The left shoulder must be higher than the right shoulder, but lower than the head.
• D)A piercing of the neckline is a reversal signal.
• E)The trend line must be relatively flat throughout the pattern.

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Definitions:

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a specific price point.

Changes

Variations or modifications that occur in any system, context, or entity over time.

Unit Elastic

A situation where the quantity demanded or supplied changes by an exact proportional amount to the price change.