Community Forex Questions
What is white marubozu?
The White Marubozu is a single candlestick pattern that appears after a downward trend and indicates a bullish reversal.
This candlestick has a long bullish body with no upper or lower shadows, indicating that the bulls are exerting buying pressure and that the markets are likely to turn bullish.
This candlestick has a long bullish body with no upper or lower shadows, indicating that the bulls are exerting buying pressure and that the markets are likely to turn bullish.
A white marubozu is a candlestick pattern in financial trading charts that indicates a strong bullish market sentiment. It is characterized by a long white (or green) candle with no upper or lower wicks, suggesting that the opening price was the lowest and the closing price was the highest for the given time period. The absence of wicks signifies sustained buying pressure throughout the session, reflecting a decisive upward momentum. Traders often interpret the white marubozu as a signal of strong buying interest and potential continuation of the bullish trend, providing valuable insights for market analysis and decision-making.
Oct 03, 2022 22:22