Marubozu Candlestick Pattern Explained

In Bullish Marubozu, the open price is the same as the low price and the close price is the same as the high price.

Bullish Marubozu means that Bulls are so strong and didn’t let the Bears take the price down when the candlestick became completed. It means there is a lot of buying activity in the market. The longer the candlestick, the stronger the Bulls.

In Bearish Marubozu, the open price is the same as the high price and the close price is the same as the low price. 

A Bearish Marubozu means that Bears are strong and there is a lot of sell activity in the market specially when the Bearish Marubozu is longer than the previous candlesticks. [Via]

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