Candlestick Pattern Quiz

A Dark Cloud Cover pattern forms during an uptrend and consists of a strong bullish candle followed by a bearish candle that opens higher but closes below the midpoint of the first candle. This pattern is bearish because it signals that sellers have taken control, indicating a potential reversal and the start of downward pressure.

The Three Inside Down pattern is a bearish reversal formation that appears after an uptrend. It consists of three candles: the first is a large bullish candle, followed by a smaller bearish candle that fits within the first, and the third is a strong bearish candle that closes below the first candle’s open. This pattern is bearish because it signals a weakening uptrend and confirms a potential reversal to the downside.

A Bullish Engulfing pattern occurs after a downtrend, where a small bearish candle is followed by a larger bullish candle that completely engulfs the previous one. This pattern is bullish because it indicates strong buying pressure, signaling a potential reversal and the start of an upward trend.

A Gravestone Doji forms when the open, low, and close prices are nearly the same, with a long upper shadow and little to no lower shadow. This pattern is bearish when it appears after an uptrend, as it shows that buyers pushed prices higher during the session, but sellers gained control by the close, signaling a potential downward reversal.

A Bearish Kicker pattern occurs when a strong bullish candle is immediately followed by a large bearish candle that opens at or below the previous day’s open. This pattern is bearish because it signals a sudden and sharp reversal in market sentiment, indicating strong selling pressure and potential for a significant downtrend.

The Three Black Crows pattern is a bearish reversal formation that appears after an uptrend. It consists of three consecutive long bearish candles, each opening within the previous candle’s body and closing lower. This pattern is bearish because it indicates strong selling pressure and suggests that a downward reversal is likely to continue.

A Spinning Top pattern has a small body with long upper and lower shadows, indicating indecision in the market. When it forms after an uptrend, it is considered bearish because it suggests that buying momentum is weakening, and sellers may be gaining control, signaling a potential trend reversal to the downside.

A Bearish Counterattack pattern appears after an uptrend and consists of a bullish candle followed by a bearish candle that closes near the previous day’s close. This pattern is bearish because it shows that despite initial buying, sellers regained strength, signaling potential reversal and downward pressure in the market.

An Evening Star is a bearish reversal pattern that forms after an uptrend. It consists of three candles: a large bullish candle, followed by a small indecisive candle (bullish or bearish), and then a strong bearish candle that closes deep into the body of the first candle. This pattern is bearish because it indicates a shift from buying to selling pressure, signaling a potential downward trend.

An Evening Doji Star is a bearish reversal pattern that forms after an uptrend. It consists of three candles: a large bullish candle, followed by a doji that gaps up, and then a strong bearish candle that closes well into the first candle’s body. This pattern is bearish because it signals fading buying momentum and the start of selling pressure, indicating a potential reversal to the downside.

A Bullish Kicker pattern occurs when a strong bearish candle is followed by a large bullish candle that opens at or above the previous day’s open, with no overlap between the two. This pattern is bullish because it indicates a sharp shift in market sentiment, with strong buying pressure suggesting a potential upward trend.

A Bearish Meeting Line pattern occurs after an uptrend, where a strong bullish candle is followed by a bearish candle that opens higher but closes at the same level as the previous bullish candle's close. This pattern is bearish because it suggests that the buyers' momentum has stalled, and the sellers are gaining control, signaling a potential reversal to the downside.

A Piercing Line is a bullish reversal pattern that forms during a downtrend. It consists of a strong bearish candle followed by a bullish candle that opens lower but closes above the midpoint of the first candle. This pattern is bullish because it signals that buyers are stepping in, potentially reversing the downtrend and indicating a shift toward upward momentum.

A Bearish Engulfing pattern occurs after an uptrend, where a small bullish candle is followed by a larger bearish candle that completely engulfs the previous one. This pattern is bearish because it indicates a strong shift in momentum, as sellers overpower buyers, signaling potential downward reversal.

A Bearish Abandoned Baby pattern is a reversal pattern that occurs after an uptrend. It consists of a gap-up doji followed by a gap-down candle, indicating indecision followed by strong selling pressure. This pattern is bearish because it signals that the buyers have lost control, and the selling pressure may lead to a downward reversal.

A Bearish Harami pattern forms during an uptrend, consisting of a large bullish candle followed by a smaller bearish candle that fits within the previous day's body. This pattern is bearish because it shows a loss of bullish momentum, suggesting potential indecision and a possible trend reversal to the downside.

The Three Outside Down pattern is a bearish reversal formation that appears after an uptrend. It consists of three candles: the first is a small bullish candle, followed by a larger bearish candle that engulfs the first one, and the third is another bearish candle that closes below the second candle. This pattern is bearish because it signals a shift in momentum, indicating that sellers are taking control and a downward reversal is likely.

A Bullish Abandoned Baby pattern forms after a downtrend and consists of a gap-down doji followed by a gap-up bullish candle. This pattern is bullish because it signals a shift in sentiment, with strong buying pressure after a period of indecision, indicating a potential reversal to an uptrend.

The Tweezer Bottom is a bullish reversal pattern that forms after a downtrend. It consists of two candles with nearly identical lows, where the first is bearish and the second is bullish. This pattern is bullish because it indicates that sellers were unable to push the price lower on the second day, suggesting that buying pressure is increasing and a potential upward reversal may follow.

A Hanging Man pattern appears after an uptrend and has a small body with a long lower shadow and little to no upper shadow. This pattern is bearish because it shows that sellers tried to push the price lower during the session, and if followed by a strong bearish candle, it signals potential weakness and a reversal to the downside.

The Three Inside Up pattern is a bullish reversal formation that occurs after a downtrend. It consists of three candles: the first is a large bearish candle, followed by a smaller bullish candle that fits within the first, and the third is a strong bullish candle that closes above the first candle’s open. This pattern is bullish because it indicates that the selling momentum is weakening and signals a potential reversal to the upside.

The Three Outside Up pattern is a bullish reversal formation that occurs after a downtrend. It consists of three candles: the first is a small bearish candle, followed by a larger bullish candle that engulfs the first one, and the third is another bullish candle that closes higher than the second. This pattern is bullish because it indicates a strong shift in momentum, signaling that buyers are gaining control and a potential upward reversal is likely.

A Spinning Top pattern has a small body with long upper and lower shadows, reflecting market indecision. When it appears after a downtrend, it is considered bullish because it suggests that selling momentum is weakening, and buyers may be starting to gain control, signaling a potential reversal to the upside.

A Morning Doji Star is a bullish reversal pattern that forms after a downtrend. It consists of three candles: a large bearish candle, followed by a doji that signals indecision, and then a strong bullish candle that closes well into the first candle's body. This pattern is bullish because it indicates a shift from selling to buying pressure, signaling a potential upward reversal.

A Morning Star is a bullish reversal pattern that appears after a downtrend. It consists of three candles: a large bearish candle, followed by a small indecisive candle (bullish or bearish), and then a strong bullish candle that closes well into the first candle's body. This pattern is bullish because it signals that selling momentum is weakening, and buying pressure is likely to drive the price upward, indicating a potential trend reversal.

A Hammer candlestick pattern forms when a stock’s price falls significantly but then recovers to close near its opening price, creating a small body with a long lower wick. This pattern is bullish because it signals that buyers stepped in, reversing a downtrend, and potentially indicating a shift to upward momentum.

A Shooting Star pattern forms after an uptrend and has a small body near the session's low with a long upper shadow and little to no lower shadow. This pattern is bearish because it indicates that buyers pushed the price higher, but sellers gained control by the close, signaling potential downward reversal and weakness in the uptrend.

The Three Line Strike is a bullish continuation pattern that occurs during an uptrend. It consists of three consecutive bullish candles, followed by a fourth bearish candle that opens higher but closes below the open of the first candle. Despite the fourth candle’s strong retracement, the pattern is considered bullish because it signals that the overall upward momentum remains intact, and the price is likely to continue rising.

The Three White Soldiers pattern is a bullish reversal formation that occurs after a downtrend. It consists of three consecutive long bullish candles, each opening within or near the previous candle's body and closing progressively higher. This pattern is bullish because it shows strong buying pressure, signaling a potential reversal and the start of an upward trend.

The Tweezer Top is a bearish reversal pattern that occurs after an uptrend. It consists of two candles with nearly identical highs, where the first is bullish and the second is bearish. This pattern is bearish because it signals that buyers were unable to push the price higher on the second day, suggesting increased selling pressure and a potential downward reversal.

A Dragonfly Doji forms when the open, high, and close prices are nearly equal, with a long lower shadow and little to no upper shadow. This pattern is bullish when it appears after a downtrend, as it shows that sellers initially pushed prices lower, but buyers regained control by the close, signaling potential upward reversal.

An Inverted Hammer pattern forms after a downtrend and features a small body with a long upper shadow and little to no lower shadow. This pattern is bullish because it shows that buyers attempted to push the price higher, indicating a potential reversal to the upside if confirmed by further bullish price action.