Understanding Broadening Formations
Understanding Broadening Formations
Test your knowledge about broadening formations in financial trading with this informative quiz! Whether you're a beginner or an experienced trader, this quiz will help you grasp key concepts and principles related to price action and market behavior.
- 10 engaging questions
- Multiple choice and open-ended format
- Assess your understanding of broadening formations
What is a broadening formation
A Supply and demand zone
Support zones
Resistance zones
A Support/resistance zone
A & D
Why do we draw broadening formations?
To see where there may be support/resistance in the near future
To see where volume from contracts get picked up
To see how price reacts with the stocks volume profile
What is the expiry date of broadening formations on the 1 day timeframe, using my method? (I went over it briefly, use common sense)
1-2 years
1-3 months
4-5 years
8-9 months
What is the expiry date of broadening formations on the 1 week timeframe, using my method?(Hint: if a 3 on the day takes a day to form, and a 3 on the week takes 5 days to form, what does that tell you about the timeframe?)
2-4 months
Around 1 year
3-4 years
4-6 months
What is the expiry date of broadening formations on the monthly and quarterly timeframe? (Use same hint as before)
M=2-3 years, Q=5-6 years
M=1-2 years, Q=3-4 years
M=5-6 years, Q=8-10 years
M=9-11 months, Q=2-3 years
What is the expiry date of a yearly broadening formation? (Look at the S&P yearly chart, you’ll find your answer)
4-5 years
40-50 years
8-12 years
15-18 years
What is a irrelevant broadening formation?
A BF that is near price action, and has credible bounces
A BF that is very far away from price action, very unlikely price action will touch it before the BFs expiry
A BF with lots of credible bounces
A BF that could be touched before the BFs expiry
Are these irrelevant BFs? (We’re on the daily)
Top yes, bottom no
Top no, bottom yes
Top yes, bottom yes
Top no, bottom no
Are these irrelevant BFs?
Top no, bottom no
Top yes, bottom no
Top yes, bottom yes
Top no, bottom yes
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