Marubozu Candlestick: It indicates that the stock has traded in one direction throughout the trading session and closed at the day's high or low price.This candlestick pattern gives strong bull and bear signal.
Above charts shows that whenever Marubozu candlestick is formed ( Bullish or bearish) there is sharp rise or fall in the price. Hence it is a strong candlestick pattern and can be use in technical analysis.
- Bullish Marubozu Candlestick:
- It is formed when open - low and close - high are equal with huge volumes.
- The buyers control the price of stock from opening to closing session.
- Bearish Marubozu Candlestick:
- It is formed when close - low and open - high are equal with huge volumes.
- The sellers control the price of stock from opening to closing session.
Above charts shows that whenever Marubozu candlestick is formed ( Bullish or bearish) there is sharp rise or fall in the price. Hence it is a strong candlestick pattern and can be use in technical analysis.
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