The word marubozu means “bald head” in Japanese, and this is reflected in the candlestick’s lack of wicks. The Black Marubozu is a one day bearish pattern. Here the open is equal to the day high and the close is equal to the day low.
It is a long black (down, or red on the charts) candle, with little to zero upper or lower shadows. The pattern shows that sellers controlled the trading day from open to close.
Last Updated: 21 Mar 2019, 10:08 a.m. (IST)