Take the Updata Technical Analysis Exam
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MODULE 1 - Dow Theory, Trends
Which market does Technical Analysis work best in?
Which book is largely considered the bible for Technical Analysis?
When was Technical Analysis first used?
How were prices first drawn on charts on Wall Street?
How many basic tenets are there in Dow theory?
How many phases does a trend typically have?
Which trend is the dominant trend?
Which comes first in a new uptrend?
What do we look for first in a new uptrend?
What do we look for second in a new downtrend?
MODULE 2 - Patterns, Support and Resistance
What Time Horizon does a daily chart give?
When do fundamentals generally work best?
Which market will likely turn last in very long term cycles?
What is a good ratio looking back on a chart for thinking forward?
What best determines whether resistance is likely to break?
When might an instrument be bullish on all time horizons?
When is support more likely to hold?
When is resistance more likely to be broken?
Which are the lest subjective trend lines?
An ascending triangle pattern is?
An descending triangle pattern is?
In what direction does a symmetrical triangle point?
Which way will prices break in a symmetrical triangle?
What is the price projection equal to for a head and shoulders pattern?
Why do chart recoveries often take a long time?
What is the most important factor in Technical Analysis?
MODULE 3 - Chart Types, Candles
Which Candle patterns are there more of?
On which time frame are candles patterns most valid?
If the candle body is roughly equal to the shadows, it is?
If the candle body is bigger than the shadows, it is?
What is the difference between the open and close on a Doji candle?
How big are the shadows on a Marabozu candle?
What does a Doji mean after a run of downward candles?
Which is the most likely reversal pattern at the end of an uptrend?
How many candles are needed for an island reversal pattern?
Which type of price gap will you likely see first?
On what time frame are gaps most likely?
A Heikin-Ashi chart is a modified?
Volume falling with price rising means?
On Balance Volume is calculated by?
What are we mostly looking for with On Balance Volume?
If two instruments are positively correlated, they?
Why would you most likely flip your charts upside down?
Module 4 - Moving Averages, Clouds
Which will give earlier signals?
Bollinger Bands are really a measure of?
What is likely when the bands come historically close together?
If price is predominantly in the lower half of the bands, it is likely?
When Bollinger Bands are historically far apart it means?
What does MACD measure?
What does the MACD Histogram measure?
A midpoint average is an average of what over a period?
The Ichimoku cloud is the averages shifted forward by how many bars?
If prices and lagging line are above the cloud, the trend is?
If prices and lagging line are in the cloud, the trend is?
On an Ichimoku chart, the lagging line is?
Cloud charts work best?
Module 5 - Oscillators
The momentum indicator measures?
The Overbought/Oversold indicator measures?
The RSI indicator, is normally considered oversold at what level?
In the Directional Movement Indicator, +DMI measures?
With Directional Movement, if +DMI crosses above -DMI, that is?
ADX value between 25 and 40 means?
ADX value below 20 means?
A big problem with indicators is?
When prices are rising and an indicator direction is falling?
Indicators are not always great for exit signals because?
Which oscillator normally gives the earliest signals?
Module 6 - Price Targets
Chart Patterns are a reliable way to arrive at price targets, but?
Why is Fibonacci theory used in financial markets?
Where does the 61.8% golden ratio come from?
What is the 'rule of thumb' with retracements?
How do you know when to use Fibonacci retracements?
Fibonacci Extensions are often?
Pivot points are normally calculated on which candles?
Pivot points are normally used for?
What is the most common reversal used on a point and figure chart?
What is the typical multiple target factor used from the initial move?
Point and figure vertical price targets are mostly generated from?
If an upside target is met or exceeded, that is?
If a downside target is not reached, that is?
What is a main issue with point and figure targets?
When multiple targets point to the same price level, that means?
With log scale targets, downside targets are?
Module 7 - Money Management
The first key to trading success is?
The second key to trading success is?
The third key to trading success is?
What is the one thing in trading we can truly control?
If you lose a quarter of your capital, how much profit is needed to recover?
The best traders often make money on what percentage of their trades?
How do traders maximise their trading profits?
What is the ideal Risk-Reward ratio?
Why calculate the Risk-Reward ratio before entering a trade?
If trading counter trend, you should?
In rangebound markets, it is better?
What is an approximate failure rate for using optimised stops?
What is the problem with stop and reverse trading systems?
A good trading strategy in uptrends is to?
A good trading strategy in downtrends is to?
At critical times for your position, it is best to?
If in doubt with a position you hold, it is normally best?
