MARUBOZO

Marubozo is a type of candlestick chart pattern that has a complete body, meaning that the opening and closing prices are the same as the low and high prices.

There may be a very small shadow or wick, but it is usually insignificant.

Marubozo candles are considered to be strong signals of market sentiment because they indicate a clear direction of price movement with little interference from market noise.

Marubozo

Traders often use Marubozo candles in combination with other candlestick patterns and technical indicators to gain a more comprehensive view of the market and make informed trading decisions.
- Long body: Marubozo candles have a long body that spans the distance between the opening and closing prices for a given time period.
- Little or no shadow: Marubozo candles have little or no shadow, indicating that the market moved significantly in one direction without retracing its steps.
- Strong signal: Marubozo candles are considered to be strong signals of market sentiment because they indicate a clear direction of price movement without interference from market noise.
- Bullish and bearish Marubozo: A bullish Marubozo candle has a long white body with little or no lower shadow, indicating strong buying pressure. A bearish Marubozo candle has a long black body with little or no upper shadow, indicating strong selling pressure.
- The volume on the day the Marubozo formed is significantly higher than other days, which is a positive sign.

Marubozo candles only show the direction of price movement and do not provide complete information about the market's behavior, such as support and resistance levels, trends, or momentum. To get a better understanding of the market, traders should use Marubozo candles with other analysis tools.

Example-1 : Marubozo with increase volume

Example-2 : Marubozo strong break down

Example-3 : Marubozo break down

Example-4 : Retracement after Marubozo

Example-5 : Retracement after Marubozo

Example-6 : Marubozo at strong resistance

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