Candlesticks pattern Quiz

What is a candlestick pattern?

A type of currency used in trading.

A graphical representation of price movements in financial markets.

A mathematical equation used to predict stock prices

A type of bond issued by governments.

Which of the following candlestick patterns indicates market indecision?

Hammer

Engulfing

Doji

Shooting Star

What does a "hammer" candlestick pattern typically indicate?

Bullish reversal

Bearish reversal

Continuation of the current trend

Market indecision

How are candlestick patterns used in technical analysis?

To predict exact price movements

To identify potential reversals or continuations in price trends

To determine the intrinsic value of a stock

To analyze market volume

Which candlestick pattern consists of a small body with a long upper shadow and little to no lower shadow, indicating potential reversal from bullish to bearish sentiment?

Inverted Hammer

Hanging Man

Shooting Star

Marubozu

How are candlestick patterns different from bar charts or line charts in technical analysis?

Candlestick patterns only represent closing prices

Candlestick patterns provide more detailed information about price action

Candlestick patterns are only used for long-term analysis

Candlestick patterns are less reliable than bar charts11

Which candlestick pattern consists of a small body near the bottom of the candlestick with a long upper shadow and little to no lower shadow, indicating potential reversal from bearish to bullish sentiment?

Hanging Man

Inverted Hammer

Morning Star

Bullish Engulfing

A “Hanging Man" pattern typically indicates:

Continuation of an uptrend

Reversal of a downtrend

Market consolidation

Indecision in the market

Which candlestick pattern signifies a potential reversal of a downtrend?

Bearish Engulfing

Doji

Hanging man

Hammer

Identify the candlestick pattern with a long lower shadow and small body at the top of an uptrend, indicating potential reversal.

Bearish Engulfing

Doji

Hanging man

Hammer

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