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CandleSticks and VOLUMe Understanding with TREND

Total questions: 8

Worksheet time: 40mins

Name
Class
Date
1.

Pls identify the Candlestick pattern labelled as A.

a)

Three White Crows, Dwn trend chalu hoga

b)

Three White Soldiers, Strong BUYING ACTION

c)

Bullish Green Candles

d)

Three Black Crows

2.

How is the CANLDE Pattern in A and Volume shown in "X"

a)

Volume candles are Huge, showing BIG Volume, and Candle patterns are Three White Soldiers

b)

Good Volume, Bullish candles

c)

Low volume, Bullish Candles

d)

Simple question, wont answer

3.

How is the TREND shown with Two Blue lines?

a)

TWO Blue LINES r showing Support and Resistance Lines. DOW theory says SIDEWAYS

b)

Two Blue Lines are SUPPORT Trendlines

c)

Sameer has said that BLUE is SUPPORT LINE

d)

Uptrend with corrections

4.

Please check the chart. Please notice the Trends marked as "1,2,3,4,5,6". What kind of Trend is this?

a)

1 and 3 are sideways with Resistance line [LH] and Support line [LL]. 2 is Sideways with Resistance line [LH] and Support line making HL. 5 and 6 are also SIDEWAYS Trend

b)

Confusing, Sameer has gone NUTS

c)

Uptrend with lot of Sideways

d)

Downtrend

5.

Notice the Chart. Notice the Volume Candles marked as X, Y, Z and W. What is the importance?

a)

HIGH Volume Candles. They are showing Strong Buying action. Y, Z and W are BREAKOUT VOLUME Candles and Trend has changed from Sideways to UPTREND creating the NEW High.

b)

I hate Candles

c)

High Volume Candles

d)

Sideways trend example

6.

What is this Candle marked wth Arrow showing? How is the Volume marked with "W"?

a)

BULLISH Green Candle with HIGH and CLOSE are EQUAL. LOW and OPEN are almost Equal, very small Lower Shadow. Volume is HIGH. Amitab Bachhan Candle

b)

Bullish Green Candle , I dont know where to look for Volume

c)

Volume Aaj hi sikhaya he, Itna Jaldi Kyu He

d)

Bahut Simple he, wont answer

7.

What kind of Candle is this marked with Arrrow? How is the Volume? What is this Telling?

a)

VOLUME is Huge. This is Hammer, Buying Signal, Kal Jaake BUY Karunga

b)

Amitabh Bachhan VOLUME Candle, HIGH Volume. Candle is Bullish Green candle with Upper Shadow.

c)

HIGH VOLUME, and Candle is Inverted Hammer, Long UPPER Shadow, showing Rejection at Top. Rejection means MEHENGA BUYER Nahi Mila. PRICE is at TOP of TREND.

d)

High Volume candle and Inverted Hammer. Aisa Nahi Ho Sakta. High Volume hein, toh Inverted Hammer Kaisa Print Hoga?

8.

Please look at the Chart. RED and BLUE Trendlines, What are they telling you? What was TREND BEFORE? What are RECTANGLES Telling? What are the Horizontal Red Lines Telling?

a)

Down Trend in progress, there is bounce.

b)

PREVIOUS Trend was DWN TREND. Red and Blue lines are Long Term TL. Rectangles are showing DOW Theory. Dwn Trend stopped, when PRICE made EQUAL LOW. PRICE Broke the 1st BLUE Color TL- Long duration with High Volume. Price made Higher Low . Price BROKE the RED TL, Long term TL with HIGH VOLUME. PRICE Took Support of RED TL. BREAKING Long Term TL make BIG IMPACT. Chart is showing UPTREND has started.

c)

Confusing, Lot of Lines, Rectangles, GEOMETRY ka CLASS HE kya?

d)

Horizontal Sup and Res lines, Trend lines, and DOW Theory