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‘Marubozu Candlestick Pattern: Master Market Trends with Confidence!’

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    0 Likes | Views | Feb 4, 2025

    A Morubozu candle is a type of candlestick pattern in technical analysis, which is implemented in stock trading and forex markets. The candle has a long body without any upper or lower shadows (wicks), indicating strong buying or selling pressure.




    Types of Marubozu Candles:





    Bullish Marubozu (White/Green Candle)





    The price opens at the low and closes at the high, sans shadows.


    Strong buying momentum which points to a possibility of an uptrend.


    Bearish Marubozu (Black/Red Candle)





    The price opens at the high and closes at the low with no shadows.


    Strong selling pressure, indicating a possibility of a downtrend.


    Importance in Trading:




    The Marubozu candle indicates strong sentiment in the market and possibly the continuation or reversal of a trend, depending on its position in the trend.


    It is mostly used in conjunction with support & resistance levels, with other signal-reaffirming indications.

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