Question

Chartists advocate thatA) history repeats itself.B) patterns appear that are very clear and distinctive.C) formations are less important than the direction of the latest price movement.D) a breakout below a support line is a buy signal.

Answer 1

Answer:

A) history repeats itself.

Explanation:

Well Chartists was a movement, which was greatly impact full and active during the period 1838 to 1848.

It basically concluded that the history repeats, there is a common pattern of each event, which eventually move around a circle, and repeats again.

Similarly in today's world also the effect and movement is actually valid, as with time the price of a commodity grows and then declines and then again grows.

As this is all about the moving cycle.