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