Candlestick Patterns Quiz

What is the characteristic of a paper umbrella?

• Long upper shadow with a small real body

• Long lower shadow with a small upper body

• Long lower shadow with a large real body

• Long upper shadow with a large real body

What is the name of a paper umbrella that appears at the bottom of a downtrend?

• Hanging Man

• Shooting Star

• Hammer

• Inverted Umbrella

What is the condition for a candle to be considered a paper umbrella?

• The lower shadow should be at least twice the length of the real body

• The upper shadow should be at least twice the length of the real body

• The real body should be at least twice the length of the lower shadow

• The real body should be at least twice the length of the upper shadow

What is the prior trend for a hammer pattern?

• Uptrend

• Downtrend

• Sideways trend

• No specific trend

What is the stoploss for a trade based on a hammer pattern?

• High of the hammer

• Low of the hammer

• Open price of the hammer

• Close price of the hammer

What is the characteristic of a hanging man pattern?

• Long upper shadow with a small real body

• Long lower shadow with a small upper body

• Long lower shadow with a large real body

• Long upper shadow with a large real body

What is the name of a candlestick pattern that signals a market high?

• Hanging Man

• Shooting Star

• Hammer

• Inverted Umbrella

What is the prior trend for a shooting star pattern?

• Uptrend

• Downtrend

• Sideways trend

• No specific trend

What is the stoploss for a trade based on a shooting star pattern?

• High of the shooting star

• Low of the shooting star

• Open price of the shooting star

• Close price of the shooting star

What is the characteristic of a shooting star pattern?

• Long upper shadow with a small real body

• Long lower shadow with a small upper body

• Long lower shadow with a large real body

• Long upper shadow with a large real body