Hong Kong
2024-12-24 14:47
Industry4⃣Marubozu (Strong Trend Continuation) 🔥📈
A Marubozu candlestick has no wicks or very small wicks, meaning that the price moved strongly in one direction with little to no retracement during the time period. There are two types of Marubozu:
🔹Bullish Marubozu: A large green/white candlestick with no upper or lower wicks. It shows that buyers were in full control throughout the time period.
🔹Bearish Marubozu: A large red/black candlestick with no wicks, indicating that sellers dominated the market.
Key Point: Marubozu candles are powerful indicators of trend continuation. After a Bullish Marubozu, the market is likely to continue upwards, and after a Bearish Marubozu, the market is likely to keep falling.
Example: After a short pullback, a Bullish Marubozu suggests that the uptrend is resuming with strong buying momentum. On the other hand, a Bearish Marubozu after a rally suggests the market is about to enter a downtrend with strong selling pressure.
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4⃣Marubozu (Strong Trend Continuation) 🔥📈
Hong Kong | 2024-12-24 14:47
A Marubozu candlestick has no wicks or very small wicks, meaning that the price moved strongly in one direction with little to no retracement during the time period. There are two types of Marubozu:
🔹Bullish Marubozu: A large green/white candlestick with no upper or lower wicks. It shows that buyers were in full control throughout the time period.
🔹Bearish Marubozu: A large red/black candlestick with no wicks, indicating that sellers dominated the market.
Key Point: Marubozu candles are powerful indicators of trend continuation. After a Bullish Marubozu, the market is likely to continue upwards, and after a Bearish Marubozu, the market is likely to keep falling.
Example: After a short pullback, a Bullish Marubozu suggests that the uptrend is resuming with strong buying momentum. On the other hand, a Bearish Marubozu after a rally suggests the market is about to enter a downtrend with strong selling pressure.
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