Forex candlestick charts: Marubozu
by polyxena
Definitions of the Marubozu can vary…The majority view seems to be that marubozu = a candlestick with no upper or lower shadows.
Some will use the term to describe a candlestick with one shadow, usually trailing the trend direction, so that an open (bullish) candle will have a lower shadow and conversely a bearish has an upper shadow.
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