Opening Marubozu - Bullish Candlestick

April 16, 2008 by admin

Opening Marubozu Definition

A opening marubozu has no shadow extending from the open. This means that if the security finished up, there would is no lower shadow, and if the security finished down there is no upper shadow. A white opening marubozu is considered bullish, while a black opening marubozu is considered bearish. The opening marubozu is not as powerful a signal as the closing marubozu, because it is more important to note where a bar closes, versus where it opened. Before taking a position in the direction of the opening marubozu, you will want to wait for the high or low of the bar to be exceeded as confirmation that the primary trend is still intact.

Opening Marubozu

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