Marubozu Candlestick Patterns - Marubozu Bullish and Marubozu Bearish Candles - Continuation Candlesticks Patterns
Marubozu Candlesticks Patterns
Depending on the size and shape of a Forex candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine the underlying weakness of the buyers and sellers.
Long Body Candles - Marubozu Candles Patterns
Marubozu Candlesticks Patterns - Candles with long bodies show that there were a lot of buyers/sellers, depending on the color of the candlestick.
When price makes a huge move from the opening price to the closing price it shows the strength of buyers/sellers - Marubozu Candles Patterns.
Long Blue Candles - Marubozu Candlesticks Patterns - Strength of Buyers
Long Red Candle-sticks - Marubozu Candles Patterns - Strength of Sellers
Long Body Candles - Continuation Candlestick Patterns. Marubozu Candlestick Pattern
Marubozu Candle Patterns
Marubozu Candlestick Patterns are long candlesticks that have no upper or lower shadows, Like the forex trading examples shown below.
Marubozu Candlesticks - Marubozu Bullish Candles Pattern and Marubozu Bearish Candlesticks Pattern
Marubozu Candlestick Patterns are continuation candlestick patterns that show forex price is going to continue in the same direction as that of marubozu candlestick pattern. The marubozu candlestick pattern can be white/blue or black/red depending on direction of the market trend.
Forex Analysis of Marubozu Candles Patterns
White marubozu candle pattern- the open is also the low and the close is also the high.
Marubozu candle pattern means there were no retracements during that price period & therefore shows that buyers were in total control of the price.
White Marubozu candle pattern is a continuation candle pattern meaning that the next candlestick is likely to continue in same upwards forex trend direction.
Black marubozu candlestick pattern - the open of the Marubozu candlestick pattern is also the high - and the close is also low.
Marubozu candlestick pattern means there were no price retracements in the forex market and therefore shows that the sellers were in total control of the forex price.
Black Marubozu candlestick pattern is a continuation candlesticks pattern meaning that the next candlestick is likely to continue in same downwards forex trend direction.
