How to Read Bullish Marubozu Candlestick

A Bullish Marubozu candlesticks pattern is a candlestick which shows the opening gold price is also the low gold price & closing gold price is also the high gold price. Marubozu xauusd candlestick patterns means there were no retracements during that gold price period and this shows that buyers were in total control of the gold price.

A bullish Marubozu candlesticks pattern is a continuation candlesticks pattern which means that the next candlestick is likely to continue in same upward xauusd trend direction.

Therefore, after a bullish Marubozu candle the gold price of a xauusd should continue moving upward in the direction of the upwards trend.

How to Read Bullish Marubozu Candlestick - Read Bullish Marubozu Candles Pattern