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Home>Courses>TA Masterclass>Lesson 2 of 10

Reading candlestick charts

What each candle tells you about the battle between buyers and sellers.

TA Masterclass·Lesson 2 of 10

All lessons

By the end of this lesson you'll be able to:

  • 01Read the four prices in a candlestick
  • 02Explain what the body and wicks show
  • 03Identify a basic reversal candle
1

Step 1 · Read the guide

Read the guide first

Everything the quiz asks is covered in the linked guide. Read it, then answer the questions below.

How to Read Candlestick Charts: The Beginner's Guide to Market Sentiment
Key terms
CandlestickCandle BodyCandle WickDoji

Step 2 · Take the quiz

Quick check

10 questions

Answer all 10, then check. Wrong answers show a hint and a link back to the guide.

  1. Question 01

    How many prices does a single candlestick display?

  2. Question 02

    What does the body of a candle represent?

  3. Question 03

    What do the wicks (shadows) of a candle mark?

  4. Question 04

    What does a candle with a long body and almost no wicks show?

  5. Question 05

    What does a long lower wick on a candle usually show?

  6. Question 06

    What does a long upper wick after an uptrend often signal?

  7. Question 07

    What does a small-bodied candle with wicks on both sides show?

  8. Question 08

    Why should you avoid reading one candle in isolation?

  9. Question 09

    You see a bullish reversal candle, but the trend is still strongly down. What should you do?

  10. Question 10

    After a downtrend, what does a candle with a small body and long lower wick suggest?

Answered 0 of 10 · pass 70% (7/10) to complete

TA Masterclass2 of 10
  1. Intro to technical analysis
  2. →Reading candlestick charts
  3. Chart types (Heikin Ashi, Renko, tick)
  4. Trends and trendlines
  5. Support and resistance
  6. Chart patterns
  7. Candlestick patterns
  8. Momentum: RSI and MACD
  9. Moving averages and Bollinger Bands
  10. Volume and market structure
  11. ⚑Final Assessment· 20 Q