Marubozu Candlestick Pattern: What Is and How to Trade
In this article, you will learn about the Japanese Marubozu candlestick and what signals it gives to buyers and sellers.
Translated from Japanese, the name of the pattern means "close-cropped" or "shaven-head". This pattern is similar to Japanese candlesticks such as bullish or bearish counterattack and belt hold. They all have a large real body that has short or no shadows.
After studying the article, you will be able to identify this figure on the chart and apply it in trading.
What Is Marubozu Pattern?
The Marubozu pattern is a long candle with a large body, with no or very
short shadows. There are three types of Marubozu candlesticks on price
charts:
1. Marubozu open candle has a full body with no shadow on the side of the
opening price and a small shadow on the side of the closing price.
2. Marubozu close candle has no shadow on the closing price side and has a
small wick on the opening price side.
3, Marubozu full candle has only a body and no shadows.
