2013년 6월 24일 월요일

Opening Bearish Marubozu

Opening bearish marubozu has no upper shadow

Though still very bearish, the opening bearish marubozu is less bearish than the previous two marubozu’s because during the trading session, bulls are able to repel the bears, thus pushing the closing price higher than the low reached during the session.
Normally, one single candlestick is not enough justification to make a trade. However, there are instances when a single candlestick can provide confirmation of a support or resistance line, a trendline, a moving average, or a breakout.

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