What Happens in XAUUSD Trading after a Bearish Marubozu Candle?
A Bearish Marubozu candlesticks setup is a candle which shows the opening price is also the high price & closing price is also low price. Marubozu candlesticks patterns means there were no retracements & therefore displays that sellers were in total control of the price.
A bearish Marubozu candles setup is a continuation setup which means that the next candle is likely to continue in the same down-wards trend direction.
Therefore, after a bearish Marubozu candle the price on a chart should continue moving downwards in the direction of the downwards trend.
Marubozu Candles Setups - What Happens in XAUUSD Trading after a Bearish Marubozu Candle?