The Bullish Marubozu is a candlestick pattern that indicates strong buying pressure in the market. It forms when the opening price is the lowest price of the session, and the closing price is the highest price, creating a long, solid candle without upper or lower wicks (or very small wicks). This pattern suggests that buyers were in control throughout the session and can signal a strong uptrend or continuation of a bullish trend.
Traders often use it to predict a further price rise, especially if it appears after a period of consolidation or a downtrend.