The bullish Marubozo candle (open equals low, high equals close) can signal a reversal when it is found at the end of a downtrend because it shows that the sentiment has changed and that the bulls are likely to continue pushing the asset higher. Take High and Low of Candle . Take Position at Close. Target ( Total Length of Candle/2), SL : Low of Candle. Risk...
Hello Friend The bearish Marubozu candle signifies the complete control of the sellers on the market. Such is the level of the selling pressure that market participants are willing to sell their stocks or assets at every possible price point in the session. Take High and Low of Candle . Take Position at Close. Target ( Total Length of Candle/2), SL : High of...
Hey everyone! In this post, we are going to talk about a candlestick pattern known as Marubozu, along with a few exhibits that may help you solidify your understanding of this pattern. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of...
VERDICT appearance of MARUBOZU after a fall indicated reversal. If NIFTY sustains above 10769, then it will again attempt to cross 10800 level. Stay tuned for complete analysis, which will come on Sunday Kindly FOLLOW me on TRADINGVIEW for more updates. If you have any analysis request, feel free to comment or message me. I will try my best to answer your query.