Question

If there is a candlestick in which the close is above the open with a long body, this indicates that buyers are ________ and they are ________ ________ of the market during this period of time.

A) Neutral, uncertain
B) Bearish, in control
C) Bullish, in control
D) Indecisive, cautious

Answer 1

A candlestick with a close above the open with a long body suggests that buyers are bullish and in control of the market during that period, driving the prices upwards.

Step-by-step explanation:

When analyzing a candlestick chart in trading, a candlestick where the close is above the open with a long body indicates strong buying activity during the trading period. This is a bullish signal as buyers are willing to buy at higher prices, driving the market upward. Therefore, the correct answer to the question is C) Bullish, in control. During such a bullish period, the market sentiment is very positive, and buyers are dominant. It's a contrast to a bear market, where the sentiment is negative and prices are generally falling.