Marubozu candle
The Marubozu candlestick pattern implies that the stock in which you has been trading will tends to move strongly in one direction for a long period of time and that this trend is likely to continue. Due to which, it provides traders with an idea to take a position in the same direction as the marubozu candle. Traders use Marubozu to find strong patterns of going up or going down.
What is a Marubozu Candlestick?
Marubozu candle is a candlestick consulting a long body with no shadow, its meaning in Japanese is “ close- cropped”. These candle can tell you who has controlled the day.
Key features and types
There are 3 types of marubozu candle
(I) Marubozu full
(II) Marubozu open
(III) Marubozu close
Marubozu candle can tell you that who controlled the day , buyers or sellers. for real time examples visit link
• Marubozu full
A full marubozu candle is a type of candlestick pattern that indicates an extremely strong bullish or bearish trend in the market. It has the following characteristics:
A full marubozu has a long body with no wicks or shadows on either end i.e. both opening and closing price are flat. The body represents the range between the opening and closing prices.
A full marubozu candle Is considered a very strong signal of either bullish or bearish sentiment in the market. It indicates that buyers or sellers have dominated the market throughout the entire trading session, resulting in a significant move in one direction.
• Marubozu open
A open marubozu candle is a type of candlestick pattern that indicates an extremely strong bullish or bearish trend in the market. It has the following characteristics:
A open marubozu has a long body with a flat opening means having no wicks or shadows on opening price, while the closing price can have a small shadow . Overall, open marubozu has a long body with flat opening price and closing price can be with a small wick or shadow.
• Marubozu close
A close marubozu candle is another type of candlestick pattern that also indicates a strong bullish or bearish trend in the market. It has the following characteristics:
A close marubozu is just an opposite of open marubozu, it has a long body with little to no wicks or shadows on both ends. The close price should be flat and there is a room for a short shadow at the opening price. The body represents the range between the opening and closing prices.
A close marubozu candle can also be either bullish or bearish, depending on the position of the long body. If the long body is at the top of the candle, it is a bearish close marubozu, indicating strong selling pressure. If the long body is at the bottom of the candle, it is a bullish close marubozu, indicating strong buying pressure.
What does marubozu candle indicates?
When the green or white Maruzobu shows up, it means that the market is very bullish. When red or black Marubozu shows up, it means that the market is very bearish. A marubozu’s colour or placement might reflect specific patterns or trends.
• When green or white Marubozu is at the top of an uptrend
during an uptrend in the price of a stock and you see a green/white marubozu near the conclusion, it might be a strong indicator that the uptrend will be continued. The green/white Maruzobu often suggests a bullish movement ,that will push the price upward.
• When green or white Marubozu is at the bottom of a downtrend
If you notice a green/white marubozu at the bottom of downtrend, it might be a strong indicator of an uptrend reversal. The green or white Maruzobu is commonly a sign of bullish sentiment, which is expected to push prices up.
• Red or black Marubozu at the end of a downtrend
If you have seen a red or black marubozu near the conclusion of downtrend, it might be a strong indicator that the downtrend will tend to continue. The red or black Maruzobu often signals a bearish movement which will pull the price down.
• Red or black Marubozu near the top of an uptrend.
If you have noticed a red or black marubozu near the top of an uptrend , it could be a strong indicator of the uptrend reversal. The red or black Maruzobu is usually a refers to a bearish mood that will tend to push the price down.
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