Marubozu
Marubozu is a candlestick pattern that indicates a strong trend in a direction. In a positive trend, the stock opens at the lowest point and closes at the highest point in the trading session .While for a negative trend, the stock Opens at the highest level and closes at the lowest point in the trading session. The pattern has no upper and lower shadow.
Bullish Marubozu indicates that traders were willing to buy the stock at every level during the trading session.
- Open Price = Low Price
- Close Price = High Price
Bearish Marubozu indicates that traders were selling the stock at every level during the trading session.
- Open Price = High Price
- Close Price = Low Price
