Day Trading (Candlestick Pattern) Test #3

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Who first introduced candlestick charts in the West?

Correct! Wrong!

Explanation:
Japanese rice trader Munehisa Homma is thought to have invented candlestick charts in the 18th century. In his 1991 book Japanese Candlestick Charting Techniques, Steve Nison gave them to the West for the first time.

Which of these does not fall under technical candlestick analysis?

Correct! Wrong!

The correct answer:
Broker

Which of these is not taken into account by technical candlestick analysis?

Correct! Wrong!

The correct answer:
Median cycles

Which technologies are utilized by the technical analysis software?

Correct! Wrong!

The correct answer:
Artificial intelligence

Which of these is not an indicator of the market?

Correct! Wrong!

The correct answer:
Pitch theory

Which of these is not a financial market sentiment indicator?

Correct! Wrong!

The correct answer:
Long interest

The candle is modest in size near the top of the trading range, has little to no upper wick, and has a lower wick that is at least twice as large as the candle's body.

Correct! Wrong!

Explanation:
A hanging man candlestick happens during an advance and suggests that prices may start declining. The candle consists of a brief higher shadow, a lengthy lower shadow, and a small genuine body. The hanging man shows that selling interest is starting to build.

Triangle patterns fall into one of three groups. That which follows does not have a triangle pattern?

Correct! Wrong!

The correct answer:
The asymmetrical triangle

What kind of charts can reveal information about market psychology?

Correct! Wrong!

Explanation:
A candlestick chart is a type of financial graph that often displays changes in the price of commodities, equities, or derivatives. With a vertical rectangle and wicks at the top and bottom, it resembles a candlestick. The candlestick's top and bottom display the open and closed prices. The price is displayed at the top and bottom of the candle, respectively.

The stronger the purchasing or selling pressure was during the precise time period of the candle, the________ the body is. Candlesticks that _______ show little price movement and consolidation are called .

Correct! Wrong!

The correct answer:
Longer, Short

As the market range contracts, it shows that neither the bulls nor the bears are in control ___________. This pattern includes lower highs and higher lows and is frequently linked to directionless markets.

Correct! Wrong!

Explanation:
When the slopes of the price highs and lows converge to form what appears to be a triangle on a chart, that pattern is known as a symmetrical triangle.

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