In this article, We learn about "Marubozu".Let's Go!
Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick).
Candlestick patterns come in both bearish (red or black) and bullish (green or white) forms and are easy to spot due to their longer bodies.
It basically looks like a vertical rectangle.
To identify the Marubozu candlestick pattern, look for the following criteria:
- The individual candles involved in the signal should have a longer real body.
- must not have an upper or lower shadow (or hatch).
- A candle can be white/green or black/red, and it can appear anywhere on the chart.
- The white/green Marubozu is moving up, very bullish.
- Black/Red Marubozu is moving down, very bearish.
- The longer the candle, the stronger the price movement.
The bullish pills are called white pills, and the bearish pills are called black pills.
marubozu means "bald" or "bald" in Japanese, which is reflected in the lack of shadows on the candlesticks.
When you see a Marubozu candlestick, the fact that there is no shadow tells you that the period opened with the highest price of the day and closed with the lowest price of the day.
In a bullish Marubozu, buyers maintained control of the price throughout the trading day from open to close.
In a bearish Marubozu, sellers control the price from open to close.
In order to better analyze a specific Marubozu, please adhere to the following:
- If a white Marubozu occurs at the end of an uptrend, it may continue.
- If a white meatball appears at the end of a downtrend, a reversal is likely.
- If the black pill occurs at the end of a downtrend, it may continue.
- If a black pill appears at the end of an uptrend, a reversal may occur.