2.3 Price movement demonstration – Quiz

1. Long lower wicks in a falling candlestick pattern may indicate: *

Strong direction in the market

Indecisionin the market

It is time for short-term sellers to take a profit

It is time for short-term buyers to take a profit

2. What is a 'bullish engulfing' candle? *

Just another term for a bullish candle

A bullish candle that closes higher than the previous candle's high

A bullish candle that recoups the previous day's losses

A bullish candle that takes out around number

3. A candle with a small body, little or no upper wick, and a long lower wick is a signal that: *

The price may fall

The price may rise

Neither A nor B

Both A and B

4. What is a ‘doji’? *

A single candlestick with a small body and long wicks on both ends

A candlestick pattern that indicates

A candlestick pattern that indicatesas trong decision

None of the above

5. Significant S/R points often come into being at or close to round numbers: *

True

False

FXAcademy