Marubozu

The Marubozu candlesticks are easily identified by their appearance. The bearish Marubozu is usually denoted by a red, whereas the bullish Marubozu denoted by Green.

From the diagram below, it is evident that there are only two colored candlestick patterns. These are only two large candles with small shadow or wick. These candles can only be differentiated by their colors. There’s no other distinguishable part in their structure.

Marubozu is a Japanese word for ‘Dominance’. Big large candles on the chart can be extremely powerful, especially when they are accompanied by high volume.