Huntraders | Bullish Marubozu White candle

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Bullish Marubozu White candle

Using candlestick patterns is the most popular illustration technique today. With their help it is easier to recognise trend reversals and to calculate future price movements. It is essential to understand candlesticks for successful trading.

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Definition

Bullish Marubozu White is a single, long white candle which has no shadows. It is a strong bullish candle formation.

Trend: Neutral
Expected trend: Bullish
Previous trend: Neutral
Reliability: Low
Type: Neutral
Number: 1

Recognition

Bullish Marubozu White has neither higher, nor lower shadow.
After the share opens, the price continues to increase.
The share closes at the daily maximum.

Interpretation

Bullish Marubozu White is a candle when the opening price is the daily minimum and the closing price is the daily maximum. The market is dominated by buyers.

Important factors

Bullish Marubozu White is only a reliable signal when it appears on the chart at a specific position. It can signal both a continuation and a trend reversal. Therefore, it is recommended to interpret the formation with the previous candles and formations.

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