what is Marubozu candlestick

Marubozu

Candlesticks or bar charts records price actions per specified time period. Traders have different interpretation on what they see on their charting software when switching from a daily to the 15 minute time blocks per candlestick or bar. A single candlestick formation on a 15 or 30 minute chart can indicate a buy signal but switching to a much broader time frame might produce a different interpretation.

Candlesticks can be an indirect reflection of the current sentiment of a majority of traders or investors. Different candlestick patterns or forms are produced depending on the actions of participants. When there are more buyers than sellers, it is likely that a bullish candle without tails may form, this is called a Marubozu. A marubozu indicates a strong single sentiment whether market participants are selling or buying without hesitation within a block of time. It can either be a full bar without shadows or "wicks" of a single short shadow either on top or the bottom of the candle.

Marubozu

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