CMT Level II Practice Questions - Chartered Market Technician Level II Exam

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On-Balance Volume (OBV) is rising steadily while price moves sideways in a tight range. According to classic volume analysis, this most likely signals what?

Distribution by institutions Accumulation that may precede an upside breakout Imminent trend exhaustion A bearish volume climax

Correct Answer:

Accumulation that may precede an upside breakout

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