Candlesticks Patterns - Doji Candles Pattern and Marubozu Candles Pattern

Candlesticks Consolidation Patterns and Candlesticks Continuation Patterns - Doji Candle Consolidation Candle and Marubozu Continuation Candle/h2>

Depending on the size & shape of a Forex 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 and sellers.

Long Body Forex Candlesticks

Candlesticks with long bodies show that there were a lot of buyers/sellers, depending on the color of the candle.

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 Candlesticks - 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 Candlesticks

Marubozu Candlestick

Marubozu are long candlesticks that have no upper or lower shadows, Like the forex trading examples shown below.

Marubozu Forex Candlesticks

Marubozu are continuing candlestick patterns that show price is going to continue in same direction as that of marubozu candlestick. The marubozu can be white/blue or Black/red depending on the direction of the trend.

Technical Analysis of Marubozu Candles Pattern

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 during the time of this marubozu candle.

White Marubozu is a continuation pattern meaning that the next candle is likely to continue in same upwards 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 the sellers were in total control of the price during the time of this marubozu candle.

Black Marubozu is a continuation pattern meaning that the next candle is likely to continue in same downwards trend direction.