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Quiz Candlesticks20252

The document contains a quiz focused on candlestick patterns and technical analysis, covering key concepts such as Doji patterns, support and resistance levels, and various candlestick formations. It includes multiple-choice questions that assess understanding of market signals, trendlines, and trading strategies. The quiz serves as a tool for evaluating knowledge in technical analysis for trading.

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mirza.mb555
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32 views6 pages

Quiz Candlesticks20252

The document contains a quiz focused on candlestick patterns and technical analysis, covering key concepts such as Doji patterns, support and resistance levels, and various candlestick formations. It includes multiple-choice questions that assess understanding of market signals, trendlines, and trading strategies. The quiz serves as a tool for evaluating knowledge in technical analysis for trading.

Uploaded by

mirza.mb555
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Quiz on Candlestick Patterns and Technical Analysis

1. What does a "Doji" candlestick pattern usually indicate?

A. Strong bullish momentum

B. Indecision in the market

C. Reversal to downtrend

D. High trading volume

2. Which pattern is known as a potential reversal signal at the bottom of a downtrend?

A. Hammer

B. Hanging Man

C. Shooting Star

D. Inverted Hammer

3. A bullish engulfing pattern consists of:

A. A small green candle followed by a larger red candle

B. Two consecutive green candles of equal size

C. A small red candle followed by a larger green candle

D. Two candles with equal lengths

4. What does a "support" level signify?

A. A level where prices are likely to drop

B. A level where prices are likely to find resistance

C. A level where prices tend to find buying interest

D. A level that sets a new trend


5. In a trendline, a sequence of higher highs and higher lows indicates a:

A. Downtrend

B. Uptrend

C. Sideways trend

D. Consolidation

6. What is a "resistance" level?

A. A level where buying interest increases

B. A level where the price has trouble rising above

C. The beginning of a new uptrend

D. A support level in a downtrend

7. Which candlestick pattern is commonly seen as bearish?

A. Hammer

B. Morning Star

C. Shooting Star

D. Bullish Engulfing
8. When drawing an uptrend line, you connect:

A. Highs of price swings

B. Lows of price swings

C. Only the closing prices

D. Both highs and lows

9. A "Morning Star" pattern indicates:

A. Continuation of a downtrend

B. Possible reversal to an uptrend

C. Sideways trend

D. Low trading volume

10. What type of candlestick pattern indicates market indecision?

A. Bullish Engulfing

B. Hammer

C. Doji

D. Hanging Man
Quiz on Support and Resistance
1. What does a support level represent in technical analysis?

A. A level where sellers are likely to enter

B. A level where the price typically reverses downward

C. A level where buyers are likely to enter

D. A price level where trading volume decreases

2. When the price breaks through a resistance level, it often:

A. Continues to rise further

B. Drops sharply

C. Remains at the same level

D. Forms a new support level

3. A strong support level is expected to:

A. Act as a barrier, preventing price from falling further

B. Signal a trend reversal to a downtrend

C. Mark the highest point of a price move

D. Indicate a consolidation phase

4. What does it mean when a resistance level becomes a new support level?

A. The market is likely consolidating

B. A new downtrend is beginning

C. The price has broken above resistance and may now continue upward

D. Trading volume is decreasing


5. Which of the following could indicate that a support level is weakening?

A. Decreasing trading volume near support

B. Repeated testing of the support level without bouncing

C. Price touching resistance repeatedly

D. Price moving sideways

6. What does a resistance level signify?

A. The lowest point of a trading range

B. A price level where selling pressure may increase

C. A level where buyers gain control

D. The end of an uptrend

7. If the price breaks below a support level, it often indicates:

A. A continuation of the current uptrend

B. A potential downtrend

C. A sideways trading range

D. Higher trading volume

8. When a support or resistance level is tested multiple times without breaking, it is considered:

A. Weaker each time it’s tested

B. Stronger each time it’s tested

C. An indication of a reversal

D. A new trend
9. What is a "false breakout" in terms of support and resistance?

A. A failed attempt to break above resistance or below support

B. A strong reversal from a support level

C. A pattern where price remains within a narrow range

D. A gradual increase in price

10. How can a trader use a resistance level effectively?

A. By placing stop-loss orders just below it

B. By buying assets just below it

C. By selling or taking profits near it

D. By placing buy orders above it

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