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:

1 / 8

What is a hammer candlestick made of?

Short body with a long lower wick

Long body with a short wick

Long body with a long lower wick

Short body with a short lower wick

2 / 8

When is a hammer candlestick usually formed?

At the top of an uptrend

At the bottom of an uptrend

At the top of a downtrend

At the bottom of a downtrend

3 / 8

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

Hammer has long lower wick while inverse hammer has long upper wick

Hammer is bearish while inverse hammer is bullish

Hammer is bullish while inverse hammer is bearish

Hammer has long upper wick while inverse hammer has long lower wick

4 / 8

What does the bullish engulfing candlestick show?

Upcoming price reversal

Upcoming price breakout

Strong buying pressure

Strong selling pressure

5 / 8

What is the composition of the morning star candlestick?

3 sticks (short red – short red – long green)

3 sticks (long red – short red – long green)

4 sticks (short red – long red – long green – short green)

4 sticks (long red – long red – short green – long green)

6 / 8

What do the three white soldiers represent?

Continued bearish trend

Continued bullish trend

Bullish trend after downtrend

Bearish trend after uptrend

7 / 8

The hanging man candlestick is the bearish form of …

Three black crows’ candlestick

Hammer candlestick

Shooting star candlestick

Morning star candlestick

8 / 8

How should you interpret the evening star candlestick?

None of the above

Reversal of downtrend

Reversal of uptrend

Sideways trend

Your score is

The average score is 36%

0%

About us

Service

Useful link

Community

Cart

Login

Login