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.
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