Doji Stock Indices Candles Pattern and Marubozu Candles Pattern
Indices Doji Consolidation Indices Candle Pattern and Indices Marubozu Continuation Indices Candle Pattern
Depending on the size & shape of a Stock Indices candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine underlying weakness of the buyers and sellers.
Long Body Indices Candlesticks
Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candle.
When stock indices trading price makes a huge move from the opening stock indices trading price to the closing stock indices trading price it shows the strength of buyers/sellers.
Long Blue Candles - Strength of Buyers
Long Red Candlesticks - Strength of Sellers
Long Body Candlesticks
Short Body Candlesticks
Candlesticks with short bodies show that there were not so many buyers/sellers and the stock indices trading price did not move much from the opening stock indices trading price to the closing indices trading price.
These show that the buyers/sellers were not very strong.
Short Body Candlesticks
Marubozu Candlestick
Marubozu are long candlesticks that have no upper or lower shadows, Like illustrated & shown below.
Marubozu Indices Candlesticks
Marubozu are continuing candlestick patterns that show stock indices trading price is going to continue in same direction as that of the marubozu candle. The marubozu can be white/blue or Black/red depending on the direction of the trend.
Marubozu Indices Candlesticks
White marubozu - the open is also the low and the close is also the high.
Marubozu means there were no retracements during that stock indices trading price period and therefore shows that buyers were in total control of the indices trading price.
White Marubozu is a continuation pattern meaning that the next candle is likely to continue in same upwards indices trend direction.
Black marubozu - the open is also the high and the close is also low.
Marubozu means there were no retracements and therefore shows that sellers were in total control of the indices trading price.
Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in same downwards indices trend direction.
