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Quiz Answers
At #1 on the chart, we have a Bear Sash. Note that a Bear Sash does not require a prior trend and is a green candle followed by a red candle that opens within the green real body, and closes under the green candle’s open.
At #2, An important bottoming candlestick charting pattern. The Hammer is a small real body (green or red) at the top of the session’s range and a very long lower shadow with little or no upper shadow. When this line appears during a downtrend, it becomes a bullish hammer. A hammer’s lower shadow should be at least twice the height of the real body.
At #3, we have 2 different patterns. A Falling Window. While this is difficult to see with the naked eye in this situation, NCS identified it. The same as a Western gap. Windows are continuation candlestick patterns. There is also a an Evening Star top reversal pattern formed by three candle lines on a Japanese candlestick chart. The first is a tall green real body, the second is a small real body (red or green) that gaps above the first real body to form a star, and the third is a red candlestick that closes well into the first session’s green real body.
