Marubozu is a type of candle stick that does have any wicks. This resembles a strong trend reversal after the formation.
There are two types of Marubozu candle stick patterns seen in the stock market. These candle sticks are very powerful in raising a share upwards or downwards.
The Marubozu candle stick patterns are formed whenever there is strong buying pressure or selling pressure.
Let’s look at the two types of candle stick patterns
- Bullish Marubozu candle stick pattern
- Bearish Marubozu candle stick pattern
Bullish Marubozu candle stick pattern
This is a strong bullish candle stick pattern observed in between the candle sticks. Whenever there is a Marubozu candle stick formation, there will be an extreme rally in the share price without any fluctuations.
Bearish Marubozu candle stick pattern
Bearish Marubozu is quite the opposite of a bullish Marubizu candle stick pattern. In this type of candle stick pattern, we can observe that the candle stick pattern will form a bearish move to the downtrend. A strong red candle stick will be formed.