14.5 Trading Elliott Waves with Fibonacci Part 2 – QUIZ

1. When you are trying to trade wave 5, what are you looking for? *

The mid-point of Wave 3

The end of Wave 1/ beginning of Wave 2

The end of Wave 4

The end of Wave 3

2. What are popular fibonacci retracements for trading wave 5? *

23.6%

38.2%

Both A and B

None of the above

3. What’s the best potential point for a stop loss when trading wave 5? *

The beginning of Wave 2

The end of Wave 2

The beginning of Wave 1

The midpoint of Wave 1

4. What’s true about trading wave 5? *

You are trading when the trend is clearly established

Because the trend has been in effect for a while ,there is a higher chance of it reversing

Wave 5 can be truncated and that will lower your reward /risk ratio

All the above

5. Why do many traders avoid trading corrective Elliott wave patterns? *

Corrective patterns are too complex

Corrective patterns are noti n line with the over all trend

Both A and B

None of the above

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