What Happens in Indices Trading after a Bullish Marubozu Candlestick?
A Bullish Marubozu candlesticks pattern is a candlestick which shows the opening stock indexes price is also the low stock indexes price and the closing stock indexes price is also the high indices price. Marubozu stock indexes candlesticks patterns means there were no retracements during that stock indexes price period and this shows that buyers were in total control of the indices price.
A bullish Marubozu candlesticks pattern is a continuation candlesticks pattern which means that the next candlestick is likely to continue in the same upward indices trend direction.
Therefore, after a bullish Marubozu candlestick the stock indexes price on a stock indices chart should continue moving upwards in the direction of the upward indices trend.
Marubozu Indices Candlesticks Patterns - What Happens in Indices Trading after a Bullish Marubozu Candlestick?