Trading Oil Interpret Bearish Marubozu Candlestick

A Bearish Marubozu candle sticks pattern is a candle which shows the opening crude oil price is also the high crude oil price & closing crude oil price is also low oil price. Marubozu candles patterns means there were no retracements and therefore shows that sellers were in total control of the oil price.

A bearish Marubozu crude oil candles pattern is a continuation pattern which means that the next candle-stick is likely to continue in same downward oil trend direction.

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

Interpret Bearish Marubozu Crude Oil Trading Candlesticks Technical Analysis