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HOW TO USE MARUBOZU CANDLE PATTERN

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 MARUBOZU CANDLE PATTERN FUNCTION

HOW TO USE MARUBOZU CANDLE PATTERN

As explained above that Marubozu candles do not often occur in chart movements in the market. However, if this pattern occurs, it will usually indicate strength.

In this case, when a bullish Marubozu pattern occurs, it means that the bulls are still strong and resisting pressure from short sellers. Therefore, in some cases a bullish Marubozu tends to lead to the continuation of an uptrend in the market.

Meanwhile, the bearish Marubozu is usually present to give a sign of the strength of the bears. When that happens, it is usually a sign of a bearish trend that will continue.

However, in general there is no standard principle in the use of Marubozu candles. Sometimes, this pattern will lead to a consolidation of a trend in the market. For more details, let's look at the chart below.

Let's look at the arrows that point to a candlestick pattern. On the left side, you can see a bullish Marubozu candle leading to a small rally and consolidation.

This is then followed by a bearish candle that causes a sharp decline in the price of an asset. Then, the other two Marubozu headed towards consolidation.

This chart shows that there is difficulty in estimating or predicting the next price movement after this candlestick pattern occurs. Therefore, it was said earlier that it is necessary to carry out a signal verification with other tools.


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