A Quick Overview of White Marubozu Pattern
In Japanese, marubozu means "bald head" or "shaved head." This is due to the lack of at least one shadow on such a candle, implying that the opening or closing price will be equal to one of the candle's maximum values. A Marubozu that lacks both shadows signifies that the market opened and closed at the candle's extreme levels. The white marubozu is a strange candle. White marubozu candles can emerge anywhere in a trend and, According to Bulkowski, 56% of the time, they indicate that the trend will continue.
ContinueSelected Reading
Price Action Trading - A complete guide for traders
Trading price action examines a securities, indexes, commodities, or currencies behavior in order to forecast...
Read MoreTop 03 Risk Management Strategies for Traders
Risk management refers to the practices that are put in place while trading to assist in keeping losses under...
Read MoreTrading Psychology: Why Does the Mind Matter in Trading?
Trading psychology covers a trader's approach to making profits and dealing with losses. Fear and greed are the...
Read MoreTrading Plan - 05 Steps to build a successful trading plan
A trading strategy is a crucial foundation for traders to follow throughout the trading process. Part of a trading...
Read More