A Bullish Marubozu is a strong candlestick pattern in technical analysis that signals strong buying pressure.
It is characterized by a long green (or white) body with no wicks (shadows) on either end, meaning:
- Open = Low
- Close = High
This indicates that buyers were in control from the start to the finish of the trading session, with no significant selling pressure.
What It Signifies:
- Strong bullish momentum
- Possible trend continuation or reversal (depending on previous trend)
- Confidence among buyers
Where It Appears:
- Uptrend → Confirms the continuation of the trend
- Downtrend → May signal a reversal
Trading Strategy:
- Enter a long position after confirmation (next candle remains bullish)
- Place a stop-loss below the Marubozu candle’s low
- Look for volume confirmation (higher volume = stronger signal)
Would you like a visual example or help with identifying it on a chart? 🚀
