The Bullish Marubozu Candlestick Pattern
The Bullish Marubozu candlestick pattern is composed of a single candlestick. It is a bullish candlestick and indicates that buyers controlled the entire trading session from open to close. It is the opposite of the Bearish Marubozu candlestick pattern. The Bullish Marubozu candlestick pattern can be used as a bullish entry point.
In this article you will learn:
- What is a Bullish Marubozu candlestick pattern
- How to identify and interpret a Bullish Marubozu candlestick pattern
- Trading techniques after confirming a Bullish Marubozu candlestick pattern
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What is a Bullish Marubozu candlestick pattern?
The Bullish Marubozu candlestick pattern is composed of a single candlestick. It is a strong indication of bullish sentiment due to the amount of buying pressure. At market open, buyers continued to push the price of the stock up all the way until market close. This means that buyers overwhelmed sellers the entire trading session.
How to Identify a Bullish Marubozu Candlestick Pattern
The Bullish Marubozu candlestick is a bullish candlestick, so the closing price of the stock must be higher than the opening price. The candlestick should have little to no upper or lower wick, and ideally just be the size of the body. In addition, the body should be larger than the average body size of the past 20 trading periods. Lastly, the higher the volume indicates a stronger signal. Low volume could indicate a false positive. Typically, you should wait at least one period to confirm the bullish trend.