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[QUOTE="Vlad RF, post: 203170, member: 61796"] [B][SIZE=5]How to Trade Marubozu Candlestick Pattern?[/SIZE][/B] [I]Author: Victor Gryazin[/I] [CENTER][IMG]https://blog.roboforex.com/wp-content/uploads/2021/12/16.12.png[/IMG] [B]Dear Clients and Partners,[/B][/CENTER] This article is devoted to a universal candlestick pattern Marubozu: what it looks like on the chart and in which cases it can be used for trading. [SIZE=5]What Marubozu candlestick is[/SIZE] The pattern is named after the only candlestick that it includes – Marubozu. From Japanese, the name is translated as “bald”, “with shaved head”. The candlestick has a large body and almost no shadows, so it looks as if its shadows have been “cut off”, leaving the candlestick with just a “bald” body. There are three Marubozu types: [LIST] [*]Marubozu Full almost lacks both shadows; [*]Marubozu Open lacks the shadow at the side of the opening price and has a small shadow at the side of the closing price. [*]Marubozu Close, on the contrary, lacks the shadow at the closing side and a small one at the opening sid [/LIST] The pattern can consist of any Marubozu, the type does not matter. As for the strength of the candlestick, it is considered quite strong and does not appear too often. When it does appear, however, this means bulla or bears are going to take action. [IMG]https://blog.roboforex.com/wp-content/uploads/2021/12/Marubozu.png[/IMG] [SIZE=5]Types of Marubozu pattern[/SIZE] Depending on the color of Marubozu body, traders single out two types of the pattern: Bearish Marubozu and Bullish Marubozu. Sometimes you can hear about Marubozu Brothers, which means there are both types of the candlestick: a white bullish and a black bearish candlestick. I would say, one brother tries to push the market upwards (the Bullish Marubozu), while the second brother, on the contrary, plans to send the market down (the Bearish Marubozu). [B]Bullish Marubozu[/B] The pattern consists of a large white candlestick and demonstrates that bulls are ready to attack. The place on the chart where the pattern forms, indeed, matters. There are two main trading scenarios. [URL=https://blog.roboforex.com/blog/2021/12/24/how-to-trade-marubozu-candlestick-pattern/?utm_source=earnforex.com&utm_medium=cpc&utm_campaign=rf_en_external_forums_blog&utm_content=text]Read more at R Blog - RoboForex[/URL] [B]Sincerely, RoboForex team[/B] [/QUOTE]
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