White Marubozu: Bullish Reversal/Continuation Pattern

White Marubozu is a bullish reversal/continuation pattern. It is a large white candlestick with no wicks on either end.

August 24, 2011 / 11:25 IST

White Marubozu is a bullish reversal/continuation pattern. It is a large white candlestick with no wicks on either end. It is considered to be an extremely bullish candle. The candle can lead to a continuation of the current uptrend or start of a bearish reversal.

This candle often occurs with high volume. So it becomes very crucial to determine whether it is a continuation or reversal.

first published: Aug 18, 2011 04:57 pm

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