Trading Oil Interpret 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 candlesticks pattern which means that the next candle 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 upward in the direction of the upward crude oil trend.

Analyze Bullish Marubozu Crude Oil Trading Candlesticks Technical Analysis