Level 4 test

To unlock the next level you need at least 80% correct answers. You can retake the test as often as you like.

1. Question 1 of 8

   What is liquidity in this sense?

   ○Stop orders and resting orders above highs and below lows○Internet speed○How much cash a bank has
2. Question 2 of 8

   What does “draw on liquidity” mean?

   ○The target price is likely travelling toward○Closing every trade○Withdrawing money from the account
3. Question 3 of 8

   Why are equal highs interesting?

   ○Because they mean the market is closed○Because many stops sit above them, and price likes to take them○Because price never goes past them
4. Question 4 of 8

   What is the NWOG?

   ○News about interest rates○The highest candle of the week○The gap between Friday's close and Sunday's open
5. Question 5 of 8

   What is the NDOG?

   ○A type of contract○The gap between the close and the open of a new day○The daily loss limit
6. Question 6 of 8

   What does a weekly profile help you with?

   ○Calculating commission○Predicting which day of the week will likely set the high or low○Telling the price next month
7. Question 7 of 8

   What are the IPDA data ranges (20/40/60 days)?

   ○Days when the exchange is closed○The number of trades per day○Past ranges whose highs and lows are common targets
8. Question 8 of 8

   Price took liquidity above a high and quickly reversed. What is that often?

   ○Proof price will surely go even higher○A sign bigger players took the stops and it will go the other way○A data error