Candle Pattern : The emoji of market world (Marubozu)
The Marubozu candle stick pattern
Pattern suggests complete dominance of either from buyer or from seller throughout a period of time. Also you can find the strong body with almost no shadow or with a very little shadow. Marubozu can be of bullish marubozu or may be bearish marubozu as shown in fig. Also use your fundamentals for more confirmation of the pattern like wise RSI, Support and Resistance, Fibonacci levels or the indicators and price action etc.
The main thing is selection of the chart as per your choice of trade. Money management and Risk to Reward Ratio is the key to apply.
It shows reversal or the continuation of trend. Some of the examples are shown below, you can comment if you want to know more about it.
All the images are taken from Google images and they are used as the references only.
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