Marubozu candlestick pattern
What is the Marubozu Candlestick Pattern?
A long candle with faint upper and lower shadows is the Marubozu candlestick pattern. The long, green true body of a bullish marubozu candlestick indicates that the bulls were in control throughout the day. No wicks were formed by higher or lower prices, and the stock closed higher than it started. The body of the bearish Marubozu candlestick is long and crimson. All day long, the bears held sway and drove the price lower. There were no wick-forming highs or lows, and it closed lower than it opened.
Two type of Marubozu candle
1; Bullish Marubozu
2: Bearish Marubozu
How does a Marubozu pattern work?
A strong message is conveyed by Marubozu candle patterns: the market is trending in a single direction. Despite having tiny wicks, this also holds true for Marubozu Open and Close candles, since the opposing side of the market was overtaken by purchasing or selling pressure.
Generally speaking, bearish Marubozu candles indicate that sellers are in complete control because they dominated the session in the desired direction, while bullish Marubozu candles indicate the opposite.
Generally speaking, bearish Marubozu candles indicate that sellers are in complete control because they dominated the session in the desired direction, while bullish Marubozu candles indicate the opposite.
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