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