Japanese Candlestick Formations
Its a quize about Japanese Candlestick Formations so enjoy and test your knowldge. .
- 1.
Which of the following is least true of a doji pattern?
- A.
It represents indecision
- B.
It is usually a continuation pattern
- C.
It is usually a reversal pattern
- D.
The opening and closing prices are at identical levels
Correct Answer
B. It is usually a continuation pattern -
- 2.
Which is the correct interpretation of the candlestick umbrella pattern?
- A.
They can be bullish or bearish depending on the market
- B.
They are bearish after a rally
- C.
They are called hammers after a downtrend
- D.
All of the above
Correct Answer
D. All of the above -
- 3.
Which of the following is considered a reversal pattern in candlestick charting?
- A.
Windows
- B.
Rising three methods
- C.
Hanging man
- D.
Falling three methods
Correct Answer
C. Hanging man -
- 4.
Why doesn't the doji candle have a real body?
- A.
The doji is an abbreviated method of drawing candles
- B.
The open and close are the same
- C.
The high and low are the same
- D.
Buyers are stronger than sellers
Correct Answer
B. The open and close are the same -
- 5.
Which of the following is true of the three black crows pattern?
- A.
The colour of the real bodies is of utmost importance to its significance
- B.
It is a continuation pattern
- C.
The three candles do not have to be on consecutive trading days
- D.
When successive candles open inside the real body of the prior day the pattern has greater significance
Correct Answer
A. The colour of the real bodies is of utmost importance to its significance -
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Current Version
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Jan 29, 2013Quiz Edited by
ProProfs Editorial Team -
Sep 17, 2011Quiz Created by
Tadaneo
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