Candlesticks and market structure: quiz

6 questions. Score 70% or more to pass. Not ready? Study the course first.

A long upper wick on a 5m candle most often indicates: Buyers pushed price up and it held Sellers rejected higher prices No trades occurred The exchange was offline

On a standard candlestick, what does the 'close' represent? The highest price traded during the period The last price traded before the period ended The average price over the period The price at which the most volume traded

A candle's body (the thick rectangle) is drawn between which two price points? High and low Open and close High and close Open and low

A candle with a very long lower wick and a small body near the top suggests: Price opened low, was pushed higher, and buyers rejected further downside Price traded in a tight range with no volatility Price closed at its lowest point of the session The high and low were identical for that period

Switching a chart from 1-minute to 4-hour candles will mainly change: The trading pair being displayed The amount of price action and time each candle represents Whether the chart shows OHLC data at all The exchange the price data comes from

Why might a sharp, scary drop visible on a 5-minute chart look like a minor dip on a daily chart? Daily charts use different price data than intraday charts The daily candle averages out the move within a much larger time window Daily charts only show closing prices, ignoring highs and lows The drop only happened on some exchanges, not all