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