marubozu candle

A marubozu candle pattern is a significant indicator in technical analysis. Representing strong market sentiment and potential trend continuation or reversal. It consists of a single candlestick with either no shadows (a white or black Marubozu) or very small shadows. A white Marubozu indicates strong bullish sentiment. With the opening price equal to the low and the closing price equal to the high. Conversely, a black Marubozu suggests strong bearish sentiment. With the opening price equal to the high and the closing price equal to the low. Traders interpret Marubozu candles as signals of market momentum, with little to no price retracement during the trading period. By recognizing and understanding Marubozu candlestick patterns. Traders can make more informed decisions about market direction and potential entry or exit points in their trading strategies, enhancing their overall profitability.