Learn About The Marubozu Candlestick Pattern

The word marubozu means "bald head" or "shaved head" in Japanese, and this is reflected in the candlestick's lack of wicks. When you see a Marubozu candlestick, the fact that there are no wicks tells you that the session opened at the high price of the day and closed at the low price of the day. 

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In a bullish Marubozu, the buyers maintained control of the price throughout the day, from the opening bell to the close. In a bearish Marubozu, the sellers controlled the price from the opening bell to the close.

Depending on where a Marubozu is located and what color it is, you can make predictions:

• If a White Marubozu occurs at the end of an uptrend, a continuation is likely.
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• If a White Marubozu occurs at the end of a downtrend, a reversal is likely.
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• If a Black Marubozu occurs at the end of a downtrend, a continuation is likely.
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• If a Black Marubozu occurs at the end of an uptrend, a reversal is likely.

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