<p>The word marubozu means “bald head” in Japanese, and this is reflected in the candlestick’s lack of wicks. When the <strong>open price of a stock = day low, and close price = day high</strong>, we have the bullish or White Marubozu. A White Marubozu is a <strong>one day bullish indicator</strong> that moves upward and is considered very bullish. If a White Marubozu occurs at the end of an uptrend, a continuation is likely. If a White Marubozu occurs at the end of a downtrend, a reversal is likely. </p> <p>(A small amount of flexibility is allowed in the definition of the white marubozu, when the open is almost equal to the low, and close is almost equal to the high)</p>

Last Updated: 29 Apr 2025, 12:11 p.m. (IST)