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Charts & Candles

Marubozu

Intermediate

A big-bodied candle with little or no wick: one side controlled the whole period.

In practice

A marubozu opens at one extreme and closes at the other, so one side was in control from the first trade to the last. Traders read it as conviction, and it often appears as the candle that breaks a level or starts an impulse.

After one prints, many traders wait for a pullback into the candle's range rather than entering at its close.

What to watch for

Very large candles late in a move that has already run a long way can mark exhaustion rather than strength. Entering at the close of one also puts the logical stop a long way off.

Entrix Academy

Learn these terms step by step, one lesson free

Entrix Academy is the trading course inside EntrixAlgo. It teaches the ideas in this glossary with interactive lessons, practice and a final exam. It is part of Pro, and a free account opens one lesson of your choice.

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