Marubozu Candle
The word marubozu comes from the Japanese word for “bald.” It refers to a Japanese candle that has no wick at all.
✔️ The green Marubozu candle opened at a low and closed at a high, indicating a clear bullish bias.
✔️ The red Marubozu candle opened at a high and closed at a low, indicating a clear bearish bias.
The more decisive the body, the more pronounced the movement and the more clearly the dominance of buyers or sellers is determined. A green (or white) candle indicates buyer dominance and usually signals a continuation of the uptrend. A red (or black) candle indicates the opposite.
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