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Strategies & Market Trends : Trading From Main Street.
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To: Brandon who started this subject5/6/2001 8:56:06 PM
From: Brandon  Read Replies (7) of 226
 
The Marubozu Reversal pattern. A marubozu candlestick is one that exhibits no (or very little) upper or lower shadow. For a white candlestick this means that its open is equal to its low, and its close is equal to its high. For a black candlestick it means that its open is equal to its high, and its close is equal to its low. The Marubozu often is a often a good indicator that crowd emotions are running at extreme levels. When the prior close of a black marubozu candlestick is taken out to the upside, buying opportunities are often presented to short term traders. When the closing price of a white marubozu is taken out to the downside, good shorts are often available to short term traders. On a sidenote, this pattern is probably my personal favorite and looking back at my trading logs accounts for a significant amount of the success I have had.

Brandon
teachmetotrade.com
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