1.Candle Stick Patterns

Question 1

What is a weak candle?

Answer 1

If a candle’s body is less than 50% of the range of the candle.

Question 2

What is the importance of a weak candle?

Answer 2

Weak Candle is an indecisive candle. Neither Bulls nor Bears won.

Question 3

Are all weak candles indecisive?

Answer 3

No. If the body is in the middle then they are indecisive

Question 4

What is the weakest candle?

Answer 4

If Open and Close are same, then it is called weakest candle.

Question 5

All weakest candles are indecisive?

Answer 5

No. Only the weakest candles that have their body in the centre are indecisive.

Question 6

What is the other name for Weakest Candles in Japanese?

Answer 6

Doji (Open = Close)

Question 7

What is LLS family?

Answer 7

LLS stands for Long Lower Shadow. If any candle has long lower shadow, then they belong to LLS family, and it represent bulls’ dominance over Bears.

Question 8

What is LUS family?

Answer 8

LUS stands for Long Upper Shadow. If any candle has long upper shadow, then they belong to LUS family, and it represent Bears dominance over Bulls’.

Question 9

If a candle is weak or weakest then it may be indecisive sometimes and also tells about the next price action?

Answer 9

Yes. Weak and Weakest candles are sometimes indecisive when their body is in the centre and decisive when body is in the top or bottom (LLS or LUS).

Question 10

Does colour of the candle matter in Weak or Weakest candles?

Answer 10

No. Colour doesn’t matter.