Definition
Marubozu has no upper or lower shadows - the open and close are at the extremes of the day's range. A bullish marubozu opens at the low and closes at the high; bearish opens at high and closes at low. Shows strong conviction.
Formula
Open = Low, Close = High (bullish) or Open = High, Close = Low (bearish)
Example
A bullish marubozu: Opens at $50 (day's low), trades up all day, closes at $55 (day's high). No shadows means buyers controlled the entire session.
FAQ
What is Marubozu Candlestick?
A candlestick with no shadows, showing complete dominance by buyers or sellers.
How do you calculate Marubozu Candlestick?
A common formula for Marubozu Candlestick is: Open = Low, Close = High (bullish) or Open = High, Close = Low (bearish)
Why is Marubozu Candlestick important?
Marubozu Candlestick helps investors evaluate candlestick patterns and make more informed decisions.