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THE TYPE AND KIND OF MARUBOZU CANDLE PATTERN

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MARUBOZU CANDLE




The Marubozu candlestick pattern has three different types or types, the following is an explanation of the three types.

1. Marubozu Full

This type or type of Marubozu candle has a flat open and close without a wick, throughout the candlestick pattern.

The fully bullish Marubozu chart above is an example of a chart on Bitcoin CME Future for the hour. The chart shows that trading hours start at the lowest point and end at the highest point

THE TYPE AND KIND OF MARUBOZU CANDLE


2. Marubozu Open

Marubozu open indicates that the time period of the open is flat, which means that the price of an asset has only moved in one direction since the beginning of the period.

However, it did not close the time period before a number of retracements in the opposite direction.

THE TYPE AND KIND OF MARUBOZU CANDLE


The chart above is an example of a bullish Marubozu type open on Bitcoin's daily chart on CME Futures. The chart illustrates that there has never been a decline below the beginning of the trading session.

3. Marubozu Close

Marubozu close has no shadow at the closing level. This chart can show that the price may have moved in one direction after opening the session, but continued to rally in the opposite direction before closing the session without any retracement.

THE TYPE AND KIND OF MARUBOZU CANDLE


The chart above is an example of a bearish Marubozu close on Bitcoin's daily chart on CME Futures. The chart illustrates that the price closed the session at its lowest point.

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