What is the Black Marubozu
The Black Marubozu is a candlestick chart pattern that consists of just a single candlestick. The formation of this pattern indicates the end of an uptrend and the start of a bullish reversal.
Understanding the Marubozu
The Black Marubozu consists of a single candlestick that signifies that the bears are back in the market.
This candlestick is a long bearish candle that is mainly made of a true body with very little to no shadow present.
The formation of this candle indicates that the bears are exerting pressure on the market and causing the market to enter a bearish reversal.