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MARUBOZU CANDLE PATTERN #paten

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 MARUBOZU CANDLE PATTERN

MARUBOZU CANDLE PATTERN

What is Mabubozu

Marubozu is the name of a Japanese candlestick formation used in technical analysis to show a stock has traded strongly in one direction throughout the session and closed at the high or low of the day. 

Marubozu at a glance

Candlesticks are the most popular chart type in financial markets. This chart was developed centuries ago in Japan and is used to see the movement of rice prices.

Currently, candlesticks are often used by most traders because they can provide a lot of information about a trend in the market and other information. One candlestick pattern can provide you with information about the opening, high, close, and lowest (OHLC) levels of an asset.

This is why, this method must be understood and mastered by investors and traders because it is one of the surefire strategies in investing.

Candlesticks have two colors, namely red and green. Red color means bearish, while green indicates bullish.

Bullish Marubozu Candle


A bullish Marubozu candle implies that the price opened at a lower point and then later closes at a higher point. This can happen because the buyer controls the price of an asset.

You can see in the image below, which shows a bullish Marubozu candle pattern. 
MARUBOZU CANDLE PATTERN


Bearish Marubozu Candle

Bearish Marubozu candle, indicates that the price of an asset opened at a higher point and then will close at a lower level. In this case, it is the seller who controls the price of an asset.

You can see in the image below which shows a bearish Marubozu candle pattern. However, be aware that the color of the pattern may change depending on how you set up the chart.
MARUBOZU CANDLE PATTERN


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