Black Marubozu

Black Marubozu is a large black candle with no wicks on either end. This candle is considered to be an very bearish.

August 24, 2011 / 11:07 IST

Black Marubozu is a large black candle with no wicks on either end. This candle is considered to be very bearish. This pattern can lead to a continuation of current downtrend or start of a bullish reversal.

It is very critical to determine whether Black Marubozu is a continuation or reversal pattern, as the candle often occurs with high volume.

first published: Aug 18, 2011 05:15 pm

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