Thursday, January 23, 2014

Candlesticks: Marubozu

  • very strong buying or selling pressure
A marubozu candle indicates a stock has traded strongly in one direction throughout the session and closed at its high or low price of the day.  The candle is represented only by a body; it has no wicks or shadows extending from the top or bottom of the candle.


A white marubozu candle has a long white body and is formed when the open equals the low and the close equals the high.  White marubozu is a bullish candle as it shows that buyers were in control the entire period of time. It is usually the first signal of a bullish continuation or a bullish reversal pattern.

Black marubozu is a bearish candle as it shows that sellers were in control the entire period of time. It is usually the first signal of a bearish continuation or a bearish reversal patter.

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