Marubozu Candle

Marubozu Candle – Basic Single Candlestick Pattern

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Marubozu Candlestick Pattern

Marubozu Candle is a single candlestick pattern with a full body or just a little wick. This candlestick pattern indicates that the market is trending powerfully in a single direction which helps us in technical analysis.

Marubozu Candle

The above figure shows the structure of bearish marubozu and bullish marubozu. If you see bearish marubozu, you can see that the opening price is the same as the high of a candle, and the closing price is the same as the low. Also, in the bullish marubozu, the opening price same as the low of a candle, and the closing price is the same as a high of a candle.

Types of Marubozu Candlestick Pattern –

  1. Bullish Marubozu – Bullish Marubozu pattern is very rare. This candle shows that the bulls are very strong so the price will continue to move in the up direction. From this candle we can predict that the price will move in the up direction, If we see this candle in the support zone, then it allows us to go long.

As you can see in the above chart, we have circled the bullish marubozu candles. As we can see the price moves in the up direction after this candle but always remember there is no assurance of that.

2. Bearish Marubozu – Bearish Marubozu candle shows that the bears are very strong so the price will continue to move down. From this candle we can predict that the price will move in a downtrend, If we see this candle in a resistance zone, then it allows us to go short.

As you can see in the above chart, we have circled the bearish marubozu candles. We can see the price moves down after this candle but always remember there is no assurance of that.

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