Candlesticks Trading - Marubozu  - Candlestick Reversal Pattern

******** Candlestick Reversal Pattern Probability High ***********

Marubozu Candlesticks
A Marubozu candlestick lacks  an upper or lower shadow. Rarely it can lack both an upper or lower shadow. Other names used for these candlesticks are "shaven head" or "shaven bottom."

Characteristics

These candlesicks can be very large.

Trading Marubozu Candlesticks
A Marubozu is usually the first indication of a bullish trend reversal. If they appear after a gap in an opposite direction from the trend in an opposing color it is concerning. See Kicking Candlestick Reversal Pattern.

A red Marubozu is represented with a long red body and generally indicates a bearish continuation. If a red one appears after a gap in the direction of a bearish trend it supports the trend well.

Trading Psychology