The Marubozu bullish candle pattern is a Japanese candlestick pattern that signals a strong upward trend in a financial market. It is characterized by:
#btc #bitcoin #btchalvingcarnival #marubozu 1. A green or white candle (indicating a bullish trend)
2. No upper shadow (wick) or a very small upper shadow
3. No lower shadow (wick) or a very small lower shadow
4. The opening price is equal to the lowest price of the period
5. The closing price is equal to the highest price of the period
This pattern indicates a strong buying pressure, as the price opens at its lowest point and closes at its highest point, with no significant selling pressure (reflected by the absence of shadows). The Marubozu bullish candle pattern is considered a reversal pattern, indicating a potential change in trend from bearish to bullish.