Now it’s your turn. At this point of the course we have set a task to reinforce what we’ve shown you. This task will require you to use a charting package to carry out the exercise. You can set up a free practice trading account with access to charts here.
Goal: To identify the market stage.
Exercise: On a chart of any security, using what you’ve just been taught on trends try to identify 1) the basing stage, 2) the advancing stage, 3) the topping and consolidation stage and finally, 4) the declining stage.
Difficulty: 2/3
Time to complete: 20 minutes
Solution….don’t press play until you’ve done your bit:
