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Answers to the Quiz Questions

Question 1: At the Blue Arrow on this chart, you will see a Hanging Man. While many candle patterns will provide you with the understanding of who is controlling the market (buyers vs sellers), there are other concepts to ensure you recognize. The pattern that you see here is called a Hanging Man pattern. A top candlestick reversal pattern that requires confirmation.

Question 2: At the Orange Arrow on this chart, you will see a Piercing Pattern. A Japanese candlestick bottom reversal signal. In a downtrend, a long black candlestick is followed by a gap lower open during the next session. This session finishes as a strong white candlestick that closes more than halfway into the prior black candlestick’s real body

Question 3: At the Purple Arrow on this chart, you will see a Morning Star Pattern. A bottom reversal pattern formed by three candlesticks. The first is a long black real body, the second is a small real body (white or black) that gaps lower to form a star, and the third is a white candlestick that closes well into the first session’s black real body.

Question 4: At the Black Arrow on this chart, you will see a Bull Sash Pattern. Black candle followed by white candle that opens at or above black candle's prior close. Then closes over black candle open.

Question 5: At the Yellow Arrow on this chart, you will see a Dark Cloud Cover Pattern. A bearish reversal signal. In an uptrend a long white candlestick is followed by a black candlestick that opens above the prior white candlestick’s high (or close) and then closes well into the white candlestick’s real body—preferably more than halfway.

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