Marubozo

Marubozo

In candlestick charting, the representation of a trading day where a security does not trade outside the range of its opening price and closing price. This is represented by a candle without upper or lower shadows which are the "wicks" on the candle. When a marubozo occurs on a gaining day, the opening price is the daily low and the closing price is the daily high; this is a bullish signal. When it occurs on a losing day, the opening price is the daily high and the closing price is the daily low; this is a bearish signal.
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