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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.
For a complete printable reference see also: Japanese Candlesticks PDF Ebook
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