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