Candlestick Patterns

What is the length of a candlestick pattern?

• Short

• Long

• Medium

• Varies

What does a long candle indicate?

• Subdued trading activity

• Extreme buying activity

• Extreme selling activity

• Difficult to determine

What is the definition of a Marubozu candlestick?

• A candlestick with upper and lower shadows

• A candlestick with no upper and lower shadows

• A candlestick with only an upper shadow

• A candlestick with only a lower shadow

What does a bullish Marubozu indicate?

• Extreme buying interest

• Extreme selling pressure

• No trading activity

• Indecisiveness in the market

When should a risk-taker initiate a trade based on a bullish Marubozu?

• On the same day as the pattern forms

• On the next day after confirming the bullishness

• After the stock price reaches a certain target

• After the stock price drops below a certain level

What is the stoploss for a bullish Marubozu trade?

• The high of the Marubozu

• The low of the Marubozu

• The opening price of the day

• The closing price of the day

What does a bearish Marubozu indicate?

• Extreme buying interest

• Extreme selling pressure

• No trading activity

• Indecisiveness in the market

When should a risk-averse trader initiate a trade based on a bearish Marubozu?

• On the same day as the pattern forms

• On the next day after confirming the bearishness

• After the stock price reaches a certain target

• After the stock price drops below a certain level

What is the stoploss for a bearish Marubozu trade?

• The high of the Marubozu

• The low of the Marubozu

• The opening price of the day

• The closing price of the day

What should be avoided when trading based on candlestick patterns?

• Short candles

• Long candles

• Medium candles

• All types of candles