MarubozuMarubozu candlestick is a candlestick pattern with out shadows. They represent strong trends in the market.Formation When the open is at the low of the day and closes at the high of the day, we get a white or bullish marubozu. Bulls have controlled the market from the begin to end, indicating a strong up trend. When the open is at the high of the day and closes at the low of the day, we get a black or bearish marubozu. Bears have controlled the market from the begin to end, indicating a strong down trend. Importance They may appear at anywhere in the chart. But because of their nature, they become more significant, when they appear at the breakout. Market can reverse the direction after a trending marubozu.
Candlesticks with out a body and only shadows are called as Dojis. Click here to go from Marubozu to Candle chart Click here to go back to Home |
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