What Happens in Indices after a Bullish Marubozu Candle?
A Bullish Marubozu candle-sticks pattern is a candle which shows the opening trading price also is the low price & closing trading price also is the high trading price. Marubozu candle-stick patterns means there were no retracements during that trading price period & this displays that buyers were in total control of the trading price.
A bullish Marubozu candles setup is a continuation candlesticks pattern which means that the next candle is likely to continue in same upwards trend direction.
Hence, after a bullish Marubozu candle stick the trading price on a chart should continue heading upwards in direction of the up-wards trend.
Marubozu Candle-sticks Patterns - What Happens in Indices after a Bullish Marubozu Candlestick?
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