Also called as the Bearish Long Black Candle, the Bearish Black Marubozu Candlestick is the opposite of the Bullish White Marubozu Candlestick pattern.

A long black candle indicates a bearish trend where the sellers are in control and end the day selling quite low. So if the price opens at the high of the day and closes at the low of the day results in a Black Marubozu or the long black candlestick. The longer the candle is the more [...]

In Japanese “Marubozu” means almost bald. That is an apt name for the single candlestick pattern we are about to discuss called the “White Marubozu” or long white candlestick.

As discussed in the anatomy of a candlestick, you can see that the top part of the candle stick is the highest price of the day, the bottom of the candlestick is the lowest price of the day and the body of the candlestick shows the open and close. If it is [...]