"Understanding the Bullish and Bearish Marubozu Candlestick Patterns"
A marubozu candlestick pattern has the potential to be both bullish and bearish. The morubozu candlestick pattern is achieved when a candle opens at the low or high of the previous candle and closes at the opposite end without leaving any wicks.
In a bullish marubozu pattern, the candle opens at the low of the previous candle and closes at the high, without any wicks. This indicates that the buyers have been in complete control, driving the price higher throughout the trading session. During this session, High = Close and Low = Open.
Conversely, a bearish marubozu pattern, where the candle opens at the high and closes at the low without any wicks, suggests that the sellers have been in control, pushing the price lower. During this session, High = Open and Low = Close.