What is Marubozu Candlestick?

Marubozu is a type of candlestick pattern used in technical analysis to represent a trend. It is a single candlestick that has no or very small shadows or wicks and a long body. The term "marubozu" comes from the Japanese word for "bald" or "shaved," as the candlestick has no hair-like projections.

There are two types of Marubozu candlesticks: the bullish Marubozu and the bearish Marubozu. The bullish Marubozu has a long body with no or very small upper shadow or wick and no lower shadow or wick. It indicates that the buyers were in control throughout the entire trading session, and the price closed at the highest point of the day. The bearish Marubozu has a long body with no or very small lower shadow or wick and no upper shadow or wick. It indicates that the sellers were in control throughout the entire trading session, and the price closed at the lowest point of the day.

Marubozu candlesticks are considered to be strong indicators of trend continuation. A bullish Marubozu is often seen as a sign of strong buying pressure, and a bearish Marubozu is often seen as a sign of strong selling pressure. However, it is important to confirm the signal with other technical indicators and analysis before making any trading decisions.