Analyze Bullish Marubozu Candlestick

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

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

Therefore, after a bullish Marubozu candle the crude oil price of a oil pair should continue moving upwards in the direction of the upwards crude oil trend.

Oil Trading Analyze Bullish Marubozu Oil Candles Pattern