Candlestick Pattern: The Marubozu

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Introduction: The Marubozu

Marubozu is a candlestick which has no upper and lower shadow. A Marubuzo has only the real body as you can see in the picture below. After reading this post you will be able to identify this pattern in any chart and make trading decisions accordingly.marubozu

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There are two types of Marubozu  candlesticks :

  • Bullish (Green)
  • Bearish (Red)

 

Basically, Marubozu implies dominance, so in whichever time-frame this candle appears, if it is green it shows that buyers have completely dominated that session and if it is red it shows that sellers have completely dominated that session.

The body of this candle must be long and must have almost no shadows.

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