Doji Candles Pattern and Marubozu Candlesticks Setup
Stock Indices Trading Doji Consolidation Stock Candle Pattern and Stock Indices Trading Marubozu Continuation Stock Candlestick Setup
Depending on the size and shape of a Stock Indices Trading candlestick it is possible to determine the strength of buyers or sellers. Likewise it is also possible to determine the underlying weakness of the buyers & sellers.
Long Body Stock Candlesticks
Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candlesticks.
When price makes a huge move from the opening price to the closing price it shows the strength of buyers/sellers.
Long Blue Candles - Strength of Buyers
Long Red Candles - Strength of Sellers
Long Body Candles
Short Body Candlesticks
Candlesticks with short bodies show that there were not so many buyers/sellers and the price did not move much from the opening price to the closing price.
These show that the buyers/sellers were not very strong.
Short Body Candles
Marubozu Candlestick
Marubozu are long candles that have no upper or lower shadows, Like illustrated & shown below.
Marubozu Indices Candles
Marubozu are continuing candlestick patterns which show price is going to continue in the same direction as that of marubozu candle-stick. The marubozu can be white/blue or Black/red depending on the direction of the trend.
Marubozu Indices Candlesticks
White marubozu - the open is also the low and the close is also the high.
Marubozu means there were no retracements during that price period and therefore shows that buyers were in total control of the price.
White Marubozu is a continuation pattern meaning that the next candlestick is likely to continue in same upward stock trend direction.
Black marubozu - the open is also the high and the close is also low.
Marubozu means there were no retracements and therefore shows that sellers were in total control of the price.
Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in same downward stock trend direction.
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