The Marubozu candle is a type of Japanese candlestick used in technical analysis to determine market strength and direction. Its main features:
Full body without wicks:
Bullish Marubozu: A fully large body from the opening price to the closing price, with no wicks or very small wicks, indicating strong buying pressure.
Bearish Marubozu: A fully large body from the opening price to the closing price, with no wicks or very small wicks, indicating strong selling pressure.
Interpretation in the market:
If a bullish Marubozu appears after a downtrend, it may indicate a potential bullish reversal.
If a bearish Marubozu appears after an uptrend, it may indicate a potential bearish reversal.
Its appearance within the existing trend indicates trend continuation.
Types based on wicks:
Pure Marubozu: No wicks at all.
Marubozu with small wick: A very small wick on one end that does not affect the apparent strength of the candle.
