Term

Marubozu

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A marubozu is a strong candle either bullish or bearish, depending on the colour of the of the candle itself. It usually forms at the beginning of a new trend, or as an indication that the trend is continuing, say this particular candle printed on either resistance or support. this would be an indication that the market is yet to continue. The candle itself is characterised as having no wicks, it is just a long filled body, which is indicative of the either excess buying or excess selling happening at that price area.

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