Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

How To Find A Complete Marubozu Candlestick Pattern

4 Oct 2024 · 2 min

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1:38

Vladimir Ribakov shows how to spot a Marubozu candlestick, a pattern with no upper or lower wicks where the open and close are the high and low. When one appears, there's a high probability of a trend reversal. He walks through two chart examples: AUD/JPY bouncing off a bottom to start an uptrend, and AUD/NZD signaling a shift to the downside.

Chapters

How to find Marubozu candlestick pattern? This is how they look like, a complete or full Marubozu. The complete Marubozu would not have any spikes or wicks, not on the upper, not on the lower part of the candle. Open and close would represent the high and the low of the candle pattern. Once this candle pattern appears, there is a very high probability that a trend will reverse or a new trend will begin. Here is an example: Australian yen daily chart at the end of a downtrend. Beautiful Marubozu bounces off the bottom, and the next following candles rebuild the uptrend. Here is Aussie Kiwi at the end of the 1-hour chart uptrend. We see a fantastic Marubozu with— which also reminds here an engulfing in that case, but no wicks on the upper or the lower part of the candle. Classical complete Marubozu which changes the trend dramatically to the downside. Join our trading club, the Home Trader Club. Enjoy full access to our trading courses Real-time trading education and real-time trading opportunities.
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