Candlestick Patterns

Candlesticks can provide forex traders with a wide range of information regarding upcoming market changes and price movements.

But how well do you know candlestick patterns?

Take this quiz to find out.

1 / 5

Three main parts that make a candlestick are the open, the close, and the …

Body

Flag

Wick

Swing

2 / 5

In candlestick pattern analysis, what is the meaning of open price?

The last traded price during the formation of candle

The first traded price during the formation of candle

The lowest traded price during the formation of candle

The highest traded price during the formation of candle

3 / 5

In candlestick pattern analysis, what is the meaning of close price?

The lowest traded price during the formation of candle

The highest traded price at the end of the candle

The last traded price during the formation of candle

The lowest traded price at the end of the candle

4 / 5

Which one is NOT an advantage of candlesticks patterns in forex?

They help identify price breakouts

They help identify price movements

They help identify the open and close prices

They help identify price actions and patterns

5 / 5

Which one is a disadvantage of candlestick patterns?

All of the above

Candlesticks are more complex than line charts

Difficult to identify the market momentum

The closing color of candles might misinform beginner traders

Your score is

The average score is 53%

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