The Language of Candlesticks

Every candlestick represents:

• A random price change

• The battle between buyers & sellers

• The trend direction only

• Institutional orders only

In candlestick interpretation, the body primarily represents:

• Rejections

• Strength of control

• Market noise

• Support/resistance

A long upper wick suggests:

• Buyers failed, sellers defended (bearish tell)

• Sellers failed, buyers defended (bullish tell)

• Clean control by one side

• Indecision

A candle with no wicks is often called:

• Doji

• Engulfing

• Marubozu

• Shooting Star

A strong bullish candle is defined by:

• a long body with little or no wick at either end

• a small body with long upper and lower wicks

• a long body with a long upper wick and short lower wick

• a doji pattern with equal open and close

A long green body, close near the high, small/absent wicks, and aligned with demand, trend, and rising volume.

• Bullish

• Bearish

Answer explanation

What matters more than memorizing candle names?

• Memorizing patterns

• Recognizing the story (strength, failure, conviction)

• Counting wicks and bodies

• Checking indicators only

A cluster of small candles on high volume near demand usually means:

• Breakout is failing

• Absorption (orders filling) → breakout coming

• Market is quiet

• Momentum is dying

Answer explanation

At supply zones, which candle carries more weight?

• Green hammer

• Bullish engulfing

• Shooting star / bearish rejection

• Doji

A doji in the middle of a range with no levels and average volume means:

• Strong bullish setup

• Strong bearish setup

• Indecision/no trade

• Absorption by institutions