Candlesticks

Question 1

What is a Black Marubozu?

Answer 1

A long black body with no shadows on either end.

Question 2

What does a Black Marubozu mean?

Answer 2

weak, bearish continuation or bullish reversal pattern

Question 3

A long black Marubozu could mean?

Answer 3

a final sell off

Question 4

What is a White Marubozu?

Answer 4

A long white body with no shadows at either end.

Question 5

What does the White Marubozu mean?

Answer 5

Strong line, bullish continuation or bearish reversal

Question 6

What does a closing Marubozu look like?

Answer 6

No lower shadow because the close is at the bottom of the body

Question 7

Does it matter what color the CLOSING or OPENING body are?

Answer 7

No

Question 8

What if the Closing Marubozu is white?

Answer 8

There would be no UPPER shadow because the close is at the top of the body

Question 9

What if the Closing Marubozu is Black?

Answer 9

No lower shadow because the close is at the bottom.

Question 10

What is the Black Marubozu considered?

Answer 10

A weak line, bearish

Question 11

What is the White Marubozu considered?

Answer 11

A strong line, bullish

Question 12

What does an OPENING Marubozu looks like?

Answer 12

No shadow extending from the opening price end.

Question 13

What if the Opening body is WHITE?

Answer 13

There will be no lower shadow/Bullish

Question 14

What if the Opening body is BLACK?

Answer 14

There would be no UPPER shadow/Bearish

Question 15

Is the OPENING Marubozu stronger than the CLOSING Marubozu?

Answer 15

No

Question 16

What is a Spinning Top?

Answer 16

A candlestick with an Upper and Lower shadow that is greater than the length of the body.

Question 17

What dose the Spinning Top represent?

Answer 17

Indecision between the Bulls and the Bears.

Question 18

What is a DOJI?

Answer 18

When the candle line is so small that the open and close prices are equal

Question 19

When does a DOJI occur?

Answer 19

When the opening and closing are the “same” for that day.

Question 20

What does it mean if the DOJI occurs alone?

Answer 20

There is an indecision and must not be ignored.

Question 21

A DOJI preceeded by a long white day means what?

Answer 21

It is an uptrend that suddenly stops.

Question 22

What do DOJI’S indicate?

Answer 22

A change of trend when they occur at the tops instead of the bottoms.

Question 23

What is a Long legged DOJI?

Answer 23

Has a upper and lower shadow and in the middle of trading day means indecision of buyers and sellers.

Question 24

When does a Gravestone DOJI appear?

Answer 24

Develops AT or very near the LOW of the day.

Question 25

What does it mean if the UPPER shadow is very long?

Answer 25

This is called a Gravestone DOJI, and it means that the buyers and sellers could not agree on the prices

Question 26

What is the difference between a Gravestone DOJI and a Shooting Star DOJI?

Answer 26

Only difference is the Shooting Star has a small body and the Gravestone DOJI has NO body.

Question 27

What is a Dragonfly DOJI?

Answer 27

Occurs when the opening and close are at the high of the day.

Question 28

When would the Dragonfly DOJI normally appear?

Answer 28

At the market turning points.

Question 29

What is a Four Price DOJI?

Answer 29

When all four price components come together and are equal.

Question 30

What are the Four Price components?

Answer 30

high,low open,close

Question 31

When does the Four Price occur?

Answer 31

When the stock is very Illiquid or the data source did not have any prices other than the close.

Question 32

When does the Star DOJI appear?

Answer 32

When a small body gaps above or below the previous day's long body.

Question 33

What does the Star DOJI indicate?

Answer 33

Uncertainty

Question 34

What are the Star DOJI apart of?

Answer 34

Primarily reversal patterns

Question 35

What are Paper Umbrellas

Answer 35

They represent strong reversal implications

Question 36

What are the name of the two Umbrella lines called?

Answer 36

The Hammer and the Hanging Man depending on their location in the trend of the market

Question 37

What represents a strong reversal implication

Answer 37

Paper umbrellas

Question 38

What has upper and lower shadows and means indicision of the buyers and sellers?

Answer 38

A long legged DOJI

Question 39

What is it called when a stock is illiquid?

Answer 39

A four star DOJI

Question 40

What is it called when a candle line is so small and it means the open and close prices are equal?

Answer 40

A DOJI

Question 41

What happens at the market price turning point?

Answer 41

A dragonfly DOJI will appear