White Marubozu Bullish candlestick pattern
Updated on March 8, 2023
The White Marubozu is a bullish candle pattern in technical analysis that typically indicates a strong bullish reversal or continuation signal. A White Marubozu occurs when the open and close prices of a stock are the same, and the high and low prices are also the same or close to the same. It indicates that the stock opened at its high and closed at its low, which suggests that buyers were in control throughout the entire trading period.
When is White Marubozu Bullish Reversal / continuation pattern formed?
The White Marubozu Bullish Reversal/ continuation pattern is a bullish pattern that forms after a downtrend, it signals that the bears have lost control and the bulls have taken over. It also indicates that the bulls are in control of the price action, and the stock is likely to continue moving higher.
What are the key features of White Marubozu pattern?
The key features of the White Marubozu pattern are:
The open and close prices are the same or very close, indicating that the stock opened at its high and closed at its low
The high and low prices are also the same or very close, indicating that the stock traded in a narrow range throughout the period
The real body of the cand is white, indicating that the close was higher than the open
There is no upper or lower shadow, indicating that the buyers were in control throughout the entire period