Marubozu
Oct 06, 2014 at 06:46
1,626 Views
2 Replies
Myfxbook (Staff)
Member Since Jul 31, 2009
1431 posts
Oct 06, 2014 at 06:46
Discuss the Marubozu pattern here.
Member Since Jul 04, 2013
7 posts
Aug 20, 2021 at 06:40
Marubozu pattern is Perfect for 1:1 SL/TP & Better pattern.
- Thanx
- Thanx
PassMyPropFirms (PinkuBD)
Member Since Nov 06, 2022
36 posts
Nov 11, 2022 at 08:07
The Marubozu candlestick pattern is a single-candle bearish pattern. It is a straightforward formation that is easy to spot.
For a pattern to be classified as a marubozu candlestick formation, at least one of the open or close has to be flat. In the Marubozu full example, both the open and close are flat i.e. the asset opens the session, starts rallying in a certain direction and closes at the exact end. Thus, open and close are at the same price as are the high and low.
As for the Marubozu open, the opening price should be flat: i.e. the price action should move only in one direction, but unlike the Marubozu full candle, the closing price on the other side can slightly differ from the high/low. In other words, the open should be flat, while there is room for a short wick on the other side.
The Marubozu close candle is opposite to the Marubozu open: the close should be flat while the price action can slightly move in the other direction before it starts aggressively trading in one direction.
For a pattern to be classified as a marubozu candlestick formation, at least one of the open or close has to be flat. In the Marubozu full example, both the open and close are flat i.e. the asset opens the session, starts rallying in a certain direction and closes at the exact end. Thus, open and close are at the same price as are the high and low.
As for the Marubozu open, the opening price should be flat: i.e. the price action should move only in one direction, but unlike the Marubozu full candle, the closing price on the other side can slightly differ from the high/low. In other words, the open should be flat, while there is room for a short wick on the other side.
The Marubozu close candle is opposite to the Marubozu open: the close should be flat while the price action can slightly move in the other direction before it starts aggressively trading in one direction.
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