Chart patterns quiz

1. What does a pattern's success rate tell you?

1. Tomorrow's price
2. What will happen on the next trade
3. Who made the pattern
4. How often it worked in the past

2. A pattern works 60% of the time. How often does it fail?

1. Never
2. About 6% of the time
3. Always
4. About 40% of the time

3. Which picture fits pattern stats best?

1. A promise carved in stone
2. A coin that always lands heads
3. A weather forecast with a chance of rain
4. A clock that is always right

4. What should every pattern plan include because some trades fail?

1. A stop at the point where the pattern fails
2. A promise to win
3. No plan at all
4. A bigger position

5. Pattern A won 6 times out of 10 and pattern B won 540 times out of 1,000. Which rate is more reliable?

1. They are equally reliable
2. Pattern B, because it has far more examples
3. Neither can be measured
4. Pattern A, because 60% is higher

6. Why can the same pattern score differently on hourly crypto charts and daily stock charts?

1. Stats are random numbers
2. Markets and timeframes behave differently
3. Charts are drawn wrong
4. Patterns never change

7. Can a pattern with a 60% success rate lose 5 times in a row?

1. Only if the chart is red
2. Only on weekends
3. Yes, streaks happen even with a good rate
4. No, never

8. Pattern B worked 540 times out of 1,000. What is its success rate?

1. 54%
2. 46%
3. 540%
4. 5.4%

9. A pattern wins 40% of the time, each win is 2R and each loss is 1R. What is the average result per trade, ignoring costs?

1. -0.2R
2. 0R
3. +0.8R
4. +0.2R

10. Which stat should you trust least?

1. A 58% rate built from 1,200 examples
2. A 90% rate built from 7 examples
3. A 45% rate built from 800 examples
4. A 52% rate built from 2,000 examples

11. What should you do first on an unseen chart?

1. Buy immediately
2. Name the pattern
3. Guess next week's price
4. Close the app

12. Where does the stop go in a pattern plan?

1. Where the pattern would be proven wrong
2. At the target
3. Nowhere
4. Wherever feels comfortable

13. How is the challenge scored?

1. Only on profit
2. On how fast you tap
3. On plan quality and following the plan
4. On the color of the chart

14. Which picture fits a pattern plan?

1. A pilot's checklist before take-off
2. A race with no finish line
3. A lottery ticket
4. A coin toss

15. A double bottom has lows at 50 and a neckline at 60. What is its measured-move target?

1. 110
2. 60
3. 50
4. 70

16. Why wait for a close through the confirmation level?

1. It makes the stop bigger
2. The pattern is only complete once price confirms it
3. It is required by law
4. Closes never matter

17. The target is closer than the stop. What does a careful trader usually do?

1. Move the target further for no reason
2. Remove the stop
3. Skip the trade or look for a better entry
4. Double the position

18. Entry 60, stop 49, target 70. What is the reward-to-risk ratio, to two decimal places?

1. 0.50
2. 1.10
3. 2.00
4. 0.91

19. A head and shoulders top has its head 20 above the neckline, and the neckline breaks at 100. What is the classic target?

1. 100
2. 120
3. 80
4. 60

20. After three challenge rounds you lost twice but followed every rule. How should you judge yourself?

1. By plan quality and rule-following, since three outcomes are mostly luck
2. As a failure, because you lost money
3. By raising your risk next time
4. By quitting patterns forever