Day Trading (Candlestick Pattern) Test #2

Question 1

True/False: Candlestick charting originated in China more than 150 years ago. It was used to monitor changes in rice market prices.

Accepted Answer

False

Answer

True

Question 2

Do you require a data set that includes open, high, low, and close values for each time period in order to construct a candlestick chart?

Accepted Answer

Yes

Answer

No

Question 3

True/False: Steve Nison introduced and popularized candlestick charting among Western investors around 1990.

Accepted Answer

True

Answer

False

Question 4

True/False: Early in the cycle, candlestick charting is ineffective at spotting market reversals.

Accepted Answer

False

Answer

True

Question 5

True/False: Candlestick charts are admired for being very illustrative and accurately expressing market emotion.

Accepted Answer

True

Answer

False

Question 6

True/False: The majority of candlestick chart patterns need be committed to memory in order to use the technique properly.

Accepted Answer

False

Answer

True

Question 7

True/False: Professional investors are not well-versed in candlestick charting. As a result, it provides individuals who master the approach with a clear competitive advantage.

Accepted Answer

False

Answer

True

Question 8

Who invented candlestick graphs?

Accepted Answer

Munehisa Homma

Answer

Mari Atarka

Answer

Ohsumi Yunisori

Answer

Yusari Rostiff

Question 9

Which of these may be analyzed without using a candlestick?

Accepted Answer

Diamond

Answer

Gold

Answer

Security

Answer

Currency

Question 10

How many parts are there in a conventional candlestick?

Accepted Answer

3 parts

Answer

6 parts

Answer

8 parts

Answer

2 parts