How Do I Interpret Bearish Marubozu Candlestick?
A Bearish Marubozu candlesticks pattern is a candlestick which shows the opening gold price is also the high gold price & closing gold price is also low gold price. Marubozu candlesticks patterns means there were no retracements and therefore shows that sellers were in total control of the gold price.
A bearish Marubozu xauusd candlesticks pattern is a continuation pattern which means that the next candle is likely to continue in same downwards xauusd trend direction.
Therefore, after a bearish Marubozu candle the gold price of a xauusd should continue heading downwards in the direction of the downward xauusd trend.

How Do I Interpret Bearish Marubozu Candle?


