8.2 Important Candlestick Types – part 2 – Quiz

1. The engulfing bar is best described as a candle: *

That closes either above the high or below the low of the previous candle.

With a real body that reverses the direction of the previous candle’s real body

With a real body that continues in the direction of the previous candle’s real body

With a higher high and a lower low than the previous candle

2. The doji is best described as a candle: *

With a large real body and short shadows

With a larger eal body and long shadows

With a very small real body and no shadows

With a very small real body and at least some shadow on both ends

3. An engulfing bar traditionally signifies: *

A further move in the direction of the real body, if there is abreakout of that side of the bar.

A move in the opposite direction of the real body,if there is abreak out of that side of the bar

Price indecision and consolidation

4. A doji traditionally signifies: *

A period of market indecision /consolidation

That a strong breakout will happen soon

5. Could an inside bar also be an engulfing bar? *

Yes

6. Could an outside bar also be a doji? *

Yes

7. Which is more important: candlestick shape or location? *

The candlestick itself

The location of the candlestick

FXAcademy