Candlestick Patterns Quiz

What is the minimum number of candlesticks required to identify a trading opportunity in a single candlestick pattern?

• 1

• 2

• 3

• 4

What is the name of the multiple candlestick pattern that requires 2 trading sessions to evolve?

• Engulfing Pattern

• Piercing Pattern

• Dark Cloud Cover

• Inverted Hammer

What is the name of the multiple candlestick pattern that appears at the bottom of a downtrend?

• Bullish Engulfing

• Bearish Engulfing

• Piercing Pattern

• Dark Cloud Cover

What is the color of the candle on day 1 in a bullish engulfing pattern?

• Red

• Blue

• Green

• Yellow

What is the color of the candle on day 2 in a bullish engulfing pattern?

• Red

• Blue

• Green

• Yellow

What is the prerequisite for a bullish engulfing pattern?

• Uptrend

• Downtrend

• Sideways Trend

• No Prior Trend

What is the suggested buy price in a bullish engulfing pattern?

• Open of P1

• Close of P1

• Open of P2

• Close of P2

What is the stop loss for a bullish engulfing pattern?

• Lowest Low between P1 and P2

• Highest High between P1 and P2

• Open of P1

• Close of P1

What is the name of the multiple candlestick pattern that appears at the top end of an uptrend?

• Bullish Engulfing

• Bearish Engulfing

• Piercing Pattern

• Dark Cloud Cover

What is the color of the candle on day 1 in a bearish engulfing pattern?

• Red

• Blue

• Green

• Yellow