The lack of the ‘High’ and ‘Low’ shadow in a Bullish Marubozu denotes that the market opened at ‘Low’ and closed at ‘High’, which means the market was quite bullish and stayed that way the entire day. Bullish Marubozuīullish Marubozu candles can appear anywhere in the chart with a very specific meaning. Marubozu candles are of two types – Bullish Marubozu and Bearish Marubozu. A Marubozu pattern is probably the easiest to find in the candlestick charts because it looks longer than a normal candlestick, minus the upper and lower wicks. Marubozu is a Japanese term that translates to bald or shaved. Let’s begin with Single Candlestick Patterns. Technically, there are two types of candlestick patterns based on the number of candlesticks they are made of – single candlestick patterns and multiple candlestick patterns. Regardless of whether you are a technical analyst, an investor, or a day trader, candlestick patterns are something that you will always use.
0 Comments
Leave a Reply. |