Single candlesticks pattern and how to interpret the same. (Part - 1)

A Thread 🧵🧵

If you don't know basics of candlesticks and how to interpret them. Do read below thread first.

1. Marubozu (Bullish and Bearish)

These Candles are extremely powerful candle. Having long Body with very small or no wicks in it.

Bullish marubozu : Open = Low and sometimes High = Close.

Bearish marubozu : Open = High and sometimes Low = Close.

Bullish marubozu indicates that a stock price open at certain price and kept rising without falling till the end of the day.
Similarly, with bearish marubozu stock open at certain price and kept falling.

Example: In below picture stock price opened at 100 and kept rising, made a day high of 112 and finally closed at 110.

Open = Low (i.e. 100 where stock open and only buyers were there at that time)
Vice-versa, with bearish marubozu candle.