Pretty Profitable · Cohort VII · Class 03

Candlestick Reading Mastery Quiz

47 questions. Real chart candles, not textbook examples. Identify the pattern, read the story, know what it's telling you.

Reading candles is a skill, not a memory test. Charts never give you perfect textbook candles. Bodies are weird sizes, wicks don't line up, colors don't match what you expected. This quiz throws real-looking candles at you: pink-bodied hammers, black-bodied bullish rejections, doji-ish spinning tops. Your job is to see the shape, read who was in control, and call what the market is telling you. Every wrong answer shows the full breakdown.

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Part 1: Candle Anatomy & Color

Every candle is built from four prices. Can you read them?

How to read these
The body = result of the fight. Wicks = what was attempted and rejected. Color = who won (pink closed higher, black closed lower). Close > Open is bullish, Close < Open is bearish.
Question 01 Anatomy

On a bullish (pink) candle, where is the open located?

H L O C
Why
Question 02 Anatomy

On a bearish (black) candle, where is the close located?

H L O C
Why
Question 03 Anatomy

What does the upper wick of a candle represent?

Why
Question 04 Anatomy

What does the lower wick represent?

Why
Question 05 Anatomy

What are the four price points of every candle?

H L O C
Why
Question 06 Anatomy

This candle closes higher than it opens. What color is it and who won?

Why
Question 07 Anatomy

This candle closes lower than it opens. What color is it and who won?

Why
Question 08 Anatomy

Which price point matters most for reading who won the candle?

H L O C
Why
Question 09 Anatomy

Look at this candle. Which side was in control?

Why
Question 10 Anatomy

Look at this candle. Which side was in control?

Why
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Part 2: Pattern Identification

Name that candle. Real chart candles, not textbook examples.

How to identify
Look at where the body sits (top, middle, bottom), how long the wicks are on each side, and whether the body is large, small, or nonexistent. Context (trend direction) changes the name, a hammer and a hanging man look identical. The difference is where they appear.
Question 11 Identify

What candle is this?

Why
Question 12 Identify

What candle is this?

Why
Question 13 Identify

What candle is this?

Why
Question 14 Identify

What candle is this?

Why
Question 15 Identify

What candle is this?

Why
Question 16 Identify

What candle is this?

Why
Question 17 Identify

What candle is this?

Why
Question 18 Identify

What candle is this?

Why
Question 19 Identify

What candle is this?

Why
Question 20 Identify

What candle is this?

Why
Question 21 Identify

What candle is this?

Why
Question 22 Identify

What candle is this?

Why
Question 23 Identify

What candle is this?

Why
💪

Part 3: Reading Strength & Rejection

Strong, weak, or rejection, and is it the real thing?

The rejection checklist
Real rejection: (1) wick is 2x+ the body, (2) at a meaningful location (top of an uptrend, bottom of a downtrend, or a previous high/low), (3) closes in the upper/lower third of the range, (4) next candle confirms, (5) wick is one-sided only. If it fails any of these, it is not rejection.
Question 24 Read

Is this a strong, weak, or rejection candle?

Why
Question 25 Read

Is this a strong, weak, or rejection candle?

Why
Question 26 Read

What kind of candle is this?

Why
Question 27 Read

What kind of candle is this?

Why
Question 28 Read

Both candles have a long lower wick. Are they telling you the same story?

=?
Why
Question 29 Read

Is this a valid rejection candle? Why or why not?

Why
Question 30 Read

Is this a valid rejection candle? Look at the body-to-wick ratio.

Why
Question 31 Read

A hammer shape appears in the **middle of a sideways range**, not at the top or bottom of any trend. Is it valid rejection?

Why
Question 32 Read

Which candle is a **stronger** signal: a bullish marubozu or a small-bodied pink candle?

vs
Why
Question 33 Read

On a bullish rejection candle, where should the close ideally be?

Why
Question 34 Read

A hammer forms at the bottom of a downtrend. The **next candle closes lower**. What happened?

Why
Question 35 Read

Which of these is NOT a valid rejection candle?

AB
Why
🎯

Part 4: Context & Application

Putting it all together. What is the market telling you?

The one rule
Shape tells you what happened. Location tells you what it means. A hammer at the bottom of a downtrend is a reversal. The same shape in the middle of a range is noise. Context is everything.
Question 36 Context

Same candle shape, two different locations. Where does this mean **bullish reversal**?

A · BOTTOM OF DOWNTRENDB · TOP OF UPTREND
Why
Question 37 Context

A big pink body with no wicks forms during a clean uptrend. What is this telling you?

Why
Question 38 Context

After an extended uptrend, you see this candle form. What is it warning you about?

Why
Question 39 Context

Price has been in a clean downtrend for several candles. You see this form. What's it telling you?

Why
Question 40 Context

Price wicks up into the highs of an uptrend and closes with a long upper wick. What happened to the traders who bought that wick up?

Why
Question 41 Apply

You see a doji form in the middle of nowhere (no clean trend, no recent highs or lows). What should you do?

Why
Question 42 Apply

You spot a clean hammer at the bottom of a downtrend. Before taking the trade, what's the ONE thing you need to see?

Why
Question 43 Apply

You see a pink candle with a body that takes up 80% of the range. The wicks are tiny. Is this rejection?

Why
Question 44 Apply

What's the number one mistake new traders make with rejection candles?

Why
Question 45 Apply

Two dojis form back-to-back at the top of an uptrend. What's the market telling you?

Why
Question 46 Apply

In this cohort, which candles are you using as your **entry triggers** across every strategy?

Why
Question 47 Core

Final question. What's the ONE rule that matters most when reading candles?

Why
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