White Marubozu

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

        White Marubozu means that the opening price is similar to the low and the closing price coincides with the high. It indicates a bullish trend, and usually becomes the first part of a bullish continuation or a bullish reversal pattern.

        There are two variant of Marubozu, they are :

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

        White Marubozu interpreted that longer the body is, the more bullish is the signal. Conversely, Opening bozu and Closing bozu are "regularly" bullish due to their long bodies and long shadow (either upper or lower).

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