Definition of White Marubozu Pattern
The White Marubozu is a candlestick chart pattern that consists of a single candlestick. The formation of this candlestick indicates that a bullish reversal is taking place in the market.
- White Marubozu is a single candlestick patternWhite
- Marubozu is a bullish reversal pattern
Understand the Pattern
The White Marubozu consists of a single candlestick that does not have any shadows whatsoever. The entire candlestick is a true body and it is a relatively longer candle than most other candlesticks. The formation of this candle means that a bullish reversal is taking place and that you should be cautious with any open short positions in the market.
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