Qn. 1 / 10

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What is the defining characteristic of a paper umbrella candlestick pattern?

A long upper shadow with a small real body

A long lower shadow with a small real body

A small real body with upper and lower shadows of equal length

A large real body with no shadows

Qn. 2 / 10

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When does a paper umbrella pattern become a hammer?

When it appears at the top of an uptrend

When it appears at the bottom of a downtrend

When the real body is green

When the real body is red

Qn. 3 / 10

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What is the significance of the shadow to real body ratio in a paper umbrella pattern?

It determines the strength of the trend reversal

It indicates the volatility of the stock

It helps identify false signals

It has no significance

Qn. 4 / 10

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What is the recommended trading action when a hammer pattern is observed?

Sell the stock

Short the stock

Buy the stock

Hold the stock

Qn. 5 / 10

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What is the suggested stop-loss placement for a trade based on a hammer pattern?

Above the high of the hammer

Below the low of the hammer

At the opening price of the hammer

At the closing price of the hammer

Qn. 6 / 10

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When does a paper umbrella pattern become a hanging man?

When it appears at the top of an uptrend

When it appears at the bottom of a downtrend

When the real body is green

When the real body is red

Qn. 7 / 10

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What is the recommended trading action when a hanging man pattern is observed?

Sell the stock

Short the stock

Buy the stock

Hold the stock

Qn. 8 / 10

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What is the suggested stop-loss placement for a trade based on a hanging man pattern?

Above the high of the hanging man

Below the low of the hanging man

At the opening price of the hanging man

At the closing price of the hanging man

Qn. 9 / 10

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What is the key difference between a shooting star and a paper umbrella?

The shooting star has a long upper shadow, while the paper umbrella has a long lower shadow

The shooting star has a small real body, while the paper umbrella has a large real body

The shooting star appears at the bottom of a downtrend, while the paper umbrella appears at the top of an uptrend

There is no difference between a shooting star and a paper umbrella

Qn. 10 / 10

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What is the recommended trading action when a shooting star pattern is observed?

Sell the stock

Short the stock

Buy the stock

Hold the stock