Candlestick Patterns Quiz

What is the structure of a spinning top candlestick?

• Large real body with long upper and lower shadows

• Small real body with equal upper and lower shadows

• No real body with long upper and lower shadows

• Large real body with no shadows

What does a small real body in a spinning top indicate?

• Bulls are in control

• Bears are in control

• Indecision in the market

• Market is trending strongly

What does the upper shadow in a spinning top indicate?

• Bulls attempted to take the market higher

• Bears attempted to take the market lower

• Market is in a consolidation phase

• Market is about to reverse its direction

What does the lower shadow in a spinning top indicate?

• Bulls attempted to take the market higher

• Bears attempted to take the market lower

• Market is in a consolidation phase

• Market is about to reverse its direction

What does a spinning top candlestick indicate?

• Strong bullish trend

• Strong bearish trend

• Indecision and uncertainty in the market

• Market is about to reverse its direction

What should a trader do when there are spinning tops in a downtrend?

• Buy more shares

• Sell all shares

• Hold the current position

• Buy half the quantity and wait for market movement

What does a spinning top in an uptrend indicate?

• Bulls are in control

• Bears are in control

• Indecision in the market

• Market is about to reverse its direction

What should a trader do when there are spinning tops in an uptrend?

• Buy more shares

• Sell all shares

• Hold the current position

• Sell half the quantity and wait for market movement

What is the structure of a doji candlestick?

• Large real body with long upper and lower shadows

• Small real body with equal upper and lower shadows

• No real body with long upper and lower shadows

• Large real body with no shadows

What does a doji candlestick indicate?

• Strong bullish trend

• Strong bearish trend

• Indecision and uncertainty in the market

• Market is about to reverse its direction