bullish Marubozu

 

A bullish Marubozu candle is a strong, single candlestick pattern that typically signals a strong upward movement in the market. And it is formed at bottom of the trend characteristics:

1. Open and Close: The open is the low point of the candle, and the close is the high point. There is little to no wick (shadow) on the top or bottom, indicating that the buyers were in control throughout the session.

2. Long Body: The body of the candle is long, signifying a significant difference between the opening and closing prices. This shows that the price moved substantially upward during the session.

3. Absence of Shadows: Ideally, the bullish Marubozu candle will have little or no upper or lower shadows. However, a small shadow can sometimes appear at the top (rare), but the bottom shadow should be minimal or absent.

4. Market Sentiment: The pattern represents strong buying pressure, indicating that the bulls have dominated the session with consistent upward movement from open to close.

5. Trend Continuation: It is often seen during an uptrend, signaling that the trend may continue. In some cases, it can mark the beginning of a new bullish trend.