Candlestick Patterns
Marubozu
A strong candle with no wicks, showing decisive movement
A marubozu is a candle with no wicks (or very small wicks) - the open equals the high/low and close equals the low/high. It shows strong conviction in one direction without any rejection.
✓How to Recognize
- •No wicks or very minimal wicks
- •Open at one extreme, close at the other
- •Large body relative to recent candles
- •Shows strong momentum
⚡How to Avoid
- →Strong signal but can indicate exhaustion
- →Don't chase marubozu candles
- →Wait for pullback entry
- →May be part of larger pattern