RSS
Twitter
Facebook
LinkedIn
Newsletter
Marubozu
Posted By: TradersLog
On a Japanese Candlestick chart, a candlestick with no shadow or wick extending from the body at either the open, the close or at both. Also known as a shaven or bald candlestick.
The black Marubozu has a long black body and no shadow/wick. The open is the high and the close is the low. This reflects that the bears are in control. The white Marubozu has a long white body with no shadow/wick. The open price is equal to the low and the close is equal to the high, reflecting a bullish period.
Leave a Reply
By submitting a comment here you grant Traders Log a perpetual license to reproduce your words and name/web site in attribution. Inappropriate or irrelevant comments will be removed at an admin's discretion.