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Quizzes > Business & Finance

Candlestick Pattern Quiz: Test Your Chart Reading Skills

Quick, free candlestick chart quiz. Instant results with brief explanations.

Editorial: Review CompletedCreated By: Samuel EdenUpdated Aug 28, 2025
Difficulty: Moderate
2-5mins
Learning OutcomesCheat Sheet
Paper art candlestick chart quiz elements showing bullish and bearish patterns on teal background

This candlestick pattern quiz helps you read charts, spot bullish and bearish signals, and judge entries with more confidence. Work through clear questions and get instant feedback to see where you can improve. For more practice, try our trading chart quiz or take a fast day trading test to sharpen your skills across different market setups.

Which part of a candlestick shows the distance between open and close?
Upper shadow only
Real body
Wick midpoint
Lower shadow only
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A hammer is most significant when it appears after a downtrend.
True
False
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Which pattern is a strong bullish reversal made of three candles: long down, small indecision, long up closing into the first body?
Morning Star
Evening Star
Dark Cloud Cover
Bearish Harami
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A shooting star has a small body near the low and a long upper shadow.
False
True
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Which pattern requires the second candle to completely envelop the prior real body and signals a potential bullish reversal?
Piercing Line
Three White Soldiers
Bullish Harami
Bullish Engulfing
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Three Black Crows are three consecutive long bearish candles with closes near the lows after an advance.
False
True
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Which concept refers to the gap between two candles in Japanese terminology?
River
Window
Ladder
Tower
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A bullish belt hold opens on its low and closes near its high after a decline, with little to no lower shadow.
True
False
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Which rare reversal features a doji that gaps away on both sides, leaving no overlap with neighbors?
Kicker
Unique Three River
Tri-Star
Abandoned Baby
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A kicker pattern shows a sharp gap in the direction opposite to the prior candle, with little overlap thereafter.
True
False
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A long-legged doji features very long upper and lower shadows with an open and close near the middle.
False
True
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Which rare bullish pattern includes a long black candle, a hammer-like second candle making a new low, and a third candle closing higher?
Unique Three River
Tower Bottom
Homing Pigeon
Ladder Bottom
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Separating Lines require the second candle to open at the same price as the first but move in the opposite direction, continuing the prior trend.
False
True
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Which bearish pattern shows a gap up followed by two black candles that progressively close lower, with the second engulfing the first black candle?
Deliberation
Upside Gap Two Crows
Evening Star
Advance Block
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A homing pigeon is a bullish pattern where a small black candle is contained within a prior longer black candle during a decline.
True
False
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Which three-doji formation is a rare reversal suggesting exhaustion at a peak or trough?
High-Wave Trio
Tri-Star
Abandoned Baby
Three Inside Up
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Matching Low shows two consecutive lows at the same price in a downtrend, hinting at support.
False
True
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Which continuation pattern keeps an upside gap open with a following black candle that does not close the gap, then resumes upward?
Bullish Tasuki Gap
Separating Lines
Side-by-Side White Lines
Rising Three Methods
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An In-Neck pattern in a downtrend has the second white candle close exactly at the prior close.
True
False
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Which reversal requires confirmation because it often appears in congestion: a small real body within the prior large real body after a decline?
Bullish Harami
Piercing Line
Ladder Bottom
Bullish Engulfing
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0

Study Outcomes

  1. Identify Key Bullish Patterns -

    Recognize bullish candlestick formations such as the hammer and bullish engulfing to anticipate potential market rallies.

  2. Identify Key Bearish Patterns -

    Spot bearish formations like the shooting star and bearish harami to detect possible downtrends in stock chart patterns.

  3. Differentiate Continuation vs. Reversal Signals -

    Analyze candlestick relationships to determine whether a price trend is likely to persist or reverse direction.

  4. Apply Patterns to Trading Decisions -

    Use insights from the candlestick chart patterns quiz to inform entry and exit points in your trading strategy.

  5. Reinforce Pattern Recognition Skills -

    Test and strengthen your chart-reading intuition through our candlestick pattern quiz to build confidence in real-world scenarios.

Cheat Sheet

  1. OHLC Anatomy -

    Every candlestick encodes the Open, High, Low, and Close prices of a trading period, often abbreviated as "OHLC," which you can memorize by the phrase "Only Happy Learners Count." According to Investopedia and university finance textbooks, the body shows the price range between open and close, while the wicks mark the extremes. For example, a long green body with short wicks signals strong bullish momentum in a candlestick pattern quiz context.

  2. Bullish Reversal Signals -

    Key patterns like the Hammer and Bullish Engulfing often mark a shift from downtrend to uptrend, as noted by the CFA Institute. A Hammer has a small body and long lower wick - think "buy the dip" - while a Bullish Engulfing candle completely covers the prior red body. Practice spotting these in your candlestick chart quiz to build confidence.

  3. Bearish Reversal Indicators -

    Shooting Star and Bearish Engulfing formations can warn of an impending downtrend, as described in academic journals on behavioral finance. The Shooting Star's long upper wick suggests failed rallies ("shoot 'em down"), and a Bearish Engulfing candle swallows a green candle to confirm selling pressure. Use these in a stock chart patterns quiz to test your bearish-spotting skills.

  4. Indecision Patterns (Doji & Spinning Top) -

    Doji and Spinning Top candles, highlighted by StockCharts.com research, reflect market indecision when open and close prices are nearly identical. These often precede continuation or reversal, so look for a confirming candle next. Remember the trick "Doji pauses drama" to recall that confirmation is key.

  5. Confirmation & Volume -

    Always confirm patterns with subsequent candles and volume spikes - per guidelines from the New York Institute of Finance - to avoid false signals. A strong reversal should pair with above-average volume, and tools like RSI or MACD can corroborate momentum shifts. Reinforce this in a trading pattern quiz by marking volume bars alongside your pattern identification.

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