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Common Candlestick Patterns

If a good forex trader is like a wizard, then candlesticks are like the crystal ball that help you see the future – i.e. the future prices.

Let’s test your knowledge on the most common candlestick patterns in forex:

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What is a hammer candlestick made of?

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When is a hammer candlestick usually formed?

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What is the difference between a hammer and an inverse hammer?

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What does the bullish engulfing candlestick show?

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What is the composition of the morning star candlestick?

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What do the three white soldiers represent?

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The hanging man candlestick is the bearish form of …

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How should you interpret the evening star candlestick?

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The average score is 45%

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