What is a Marubozu Candlestick Pattern?
The marubozu candlestick pattern is formed by a single candle. In the Japanese language, the word "Marubozu" means “Bald”. Deriving from that, a perfect marubozu means a candle with no upper or lower shadow. It will only have a real body. A marubozu candle can be of two types - the bullish marubozu and the bearish marubozu.
This pattern is a strong indication of trend reversal or trend continuation depending on where it appears.
It may be a bearish or bullish candle. The color of the candle matters a lot as a bullish marubozu in uptrend implies trend continuation whereas in a downtrend it means trend reversal. For bearish marubozu it's just opposite. Hence, you must take into consideration the color of the candle while doing technical analysis.
KEY TAKEAWAYS Large actual body
There will be no shadow at either side of the candle.
The color of the candle has very significant meaning.
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