A Black Marubozu (shaved head) is a candlestick with a long red body, but no shadows.

        Black Marubozu means that the opening price is similar to the high and the closing price coincides with the low. It usually indicates that bearish continuation or bearish reversal.

        There are two variant of Marubozu, they are :

1. Opening bozu - Marubozu with the lower shadow, it indicates that market opens at the high of the day and therefore there is no upper shadow.
2. Closing bozu - Marubozu with the upper shadow, it indicates that market closes at the low of the day and therefore there is no lower shadow.

        Black Marubozu interpreted that longer the body is, the more bearish is the signal. A long red body with small or no shadows is the weakest. A medium-sized red body, along with a long upper or lower shadow, shows weakness.

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