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Understanding Candlestick Patterns in Trading

Understanding Candlestick Patterns In Trading

Explore the art and science of candle making with this focused quiz. Understand different waxes, wicks, and scents, and how they affect the burning process and candle quality. Perfect for craft enthusiasts and those interested in...

Questions: 29 | Attempts: 10 | Last updated: Aug 4, 2025

Sample Question 1
What does a Bull Candle indicate?

Neutral Period - Neutral candles indicate sideways movement with little price change.

Bull Period - "Periods" show the distance between the "opening" and "closing" price, during the trading (period).The tails also known as wicks and shadows, indicate the highest and lowest points over the time period. The color of the candle indicates the direction traveled (Green candles) indicate upward trends.

Volatility Period - Volatility candles indicate high fluctuations in price movements.

Bear Period - Bear candles indicate downward trends.

Sample Question 2
What does a Bear Candle represent in trading?

Bull Market - Indicates an upward trending market

Candlestick Holder - A decorative item for holding candles

Bear Period - "Periods" show the distance between the (opening and closing) price, during the trading (period).The tails also known as wicks and shadows, indicate the highest and lowest points over the time period. The color of the candle indicates the direction traveled (Red candles) indicate downward trends.

Stochastic Oscillator - A momentum indicator in technical analysis

Sample Question 3
What is considered a bullish engulfing candle?

Shooting Star Candle - It is a bearish reversal pattern with a small body and a long upper wick.

Hammer Candlestick - It signifies a potential reversal to the downside.

Bullish Engulfing Candle - It is an indicator of a trend reversal. When a trading period engulfs that of the preceding period. A green body engulfing a red body indicates a bullish trend.

Evening Star Candle - It is a bearish reversal pattern.