CFA Practice Question

There are 221 practice questions for this study session.

CFA Practice Question

If a security just experienced a double bottom pattern, its price is expected to ______.
A. go up
B. go down
C. either go up or go down
Explanation: Technicians use the double bottom to predict a change from a downtrend to an uptrend in security prices. For double bottoms, the price is expected to appreciate above the peak between the two bottoms by at least the distance from the valley lows to the peak.

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