BullishSingle CandleCh. 9

Bullish Marubozu

A long green candle with little or no wick. Buyers controlled the session from the open to the close.

Where it matters

Most meaningful when it breaks out of a range or closes above a resistance level. Inside a choppy range it says much less.

The pattern in context
Bullish Marubozu: Most meaningful when it breaks out of a range or closes above a resistance level. Inside a choppy range it says much less.ResistanceConfirm

Faded candles are the trend before it, the band is the pattern, the dashed line is the level it formed at, and ✓ marks the confirming candle.

How to read it

  1. 01

    How it forms

    Price opens near the low and closes near the high. Sellers could not push it back at any point in the session.

  2. 02

    Where it matters

    Most meaningful when it breaks out of a range or closes above a resistance level. Inside a choppy range it says much less.

  3. 03

    What confirms it

    The next candles hold above the middle of the Marubozu body. A quick fall back into the body weakens the read.

  4. 04

    Where the idea is wrong

    A close below the low of the Marubozu shows that the buying did not last.

  5. 05

    What volume should do

    Volume clearly above the recent average supports the idea that the move had wide participation.

  6. 06

    Common mistake

    Reacting after a long, extended rally. A large candle late in a move can mark exhaustion rather than strength.

From the book

Read the full chapter in the book.

Chapter 9 of Trading Candlestick Patterns explains the Bullish Marubozu with real Indian market charts, volume context and stop-loss placement.

Trading Candlestick Patterns by Rohit Singh

Educational content only. A pattern describes what buyers and sellers did; it does not predict what price will do next. Not investment advice or a buy, sell or hold recommendation.