What's Marubozu Candlestick in Forex? What is Marubozu Candles Pattern in Forex Trading?

What Does Marubozu Candlestick Mean? Marubozu Candle Definition

Marubozu candlesticks patterns are long candlesticks that have no upper or lower shadows, Like the forex trading examples shown below.

What is Marubozu Candlestick in Forex? Marubozu Candles Patterns - Candlesticks Patterns

Marubozu candlesticks patterns are continuing candlestick patterns that show price is going to continue in same direction as that of marubozu candlestick. The marubozu candlesticks pattern can be white/blue or Black/red depending on direction of the trend.

Technical Analysis of Marubozu Candles - Candles Patterns

White marubozu candlesticks patterns - the open is also the low and the close is also the high.

Marubozu candlestick patterns means there were no retracements during that price period and therefore shows that buyers were in total control of the price.

White Marubozu candlesticks pattern is a continuation pattern meaning that the next candle is likely to continue in same upwards forex trend direction.

Black marubozu candlesticks patterns - the open is also the high & the close is also low.

Marubozu candlesticks patterns means there were no retracements and therefore shows that the sellers were in total control of the price.

Black Marubozu candlesticks pattern is a continuation pattern meaning that the next candlestick is likely to continue in same downwards forex trend direction.