The white opening marubozu is a single candlestick pattern with a long white body, an upper shadow and the lack of lower shadow. The day opens and prices rise above the opening price.
Tag Archives: Marubozu
Black Opening Marubozu Candlestick Definition and Tactics
A Black Opening Marubozu indicates that the sellers controlled the price action from the first trade to the last trade. The day opens and prices continue to go …
White Closing Marubozu
In case of white closing Marubozu,the close price is the highest price of that underlying stock for that session,however open price is not the lowest price. This means that, there were many market participants ready to buy the underlying stock at any price during the session and due to this high demand the price keptContinue reading “White Closing Marubozu”
Bearish Marubozu
In case of bearish Marubozu,the open price is the highest price and close price is the lowest price of that underlying stock for that session. This means that , there were many market participants ready to sell the underlying stock at any price during the session and due to this heavy selling ,price kept onContinue reading “Bearish Marubozu”
Bullish Marubozu
In case of bullish Marubozu,the open price is the lowest price and close price is the highest price of that underlying stock for that session. This means that, there were many market participants ready to buy the underlying stock at any price during the session and due to this high demand the price kept onContinue reading “Bullish Marubozu”
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