Marubozu
Marubozu: a long-bodied candle with almost no shadows, showing one side in full control of the bar.
How to read it
- A white (bullish) marubozu closes near its high; a black (bearish) one near its low.
- Marked above or below the bar.
- Strongest as a signal when it breaks out of a range or confirms a level.
Key settings
- Max shadow 5 % of the body.
Good to know
- Drawn on the price pane, over the candles.
- Evaluated on closed bars.