Wednesday, December 10, 2008

What is Marubozu ??!


Forexgen platform presents some indicators the Long Days indicate the great difference between the open price and the close price for a trading day. The shadow lines are much shorter than the real body. The Short Days indicate the small difference between the open price and the close price for a trading day. Both the body and the shadow lines are very short.

Marubozu means there are no shadows from the bodies. A White Marubozu is a long white body with no shadows which indicates a bullish trend. It usually becomes the first part of a bullish continuation or a bullish reversal pattern. A Black Marubozu is a long black body with no shadows. It usually implies bearish continuation or bearish reversal.

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