Candlesticks Flashcards
What is a Black Marubozu?
A long black body with no shadows on either end.
What does a Black Marubozu mean?
weak, bearish continuation or bullish reversal pattern
A long black Marubozu could mean?
a final sell off
What is a White Marubozu?
A long white body with no shadows at either end.
What does the White Marubozu mean?
Strong line, bullish continuation or bearish reversal
What does a closing Marubozu look like?
No lower shadow because the close is at the bottom of the body
Does it matter what color the CLOSING or OPENING body are?
No
What if the Closing Marubozu is white?
There would be no UPPER shadow because the close is at the top of the body
What if the Closing Marubozu is Black?
No lower shadow because the close is at the bottom.
What is the Black Marubozu considered?
A weak line, bearish
What is the White Marubozu considered?
A strong line, bullish
What does an OPENING Marubozu looks like?
No shadow extending from the opening price end.
What if the Opening body is WHITE?
There will be no lower shadow/Bullish
What if the Opening body is BLACK?
There would be no UPPER shadow/Bearish
Is the OPENING Marubozu stronger than the CLOSING Marubozu?
No
What is a Spinning Top?
A candlestick with an Upper and Lower shadow that is greater than the length of the body.