Chandeliers
Closing Marubozu Bullish
The Closing Marubozu Bullish is a bullish pattern represented by one candle. It is a long increasing candle, with no upper wick and short, or none, lower wick. It takes place when there is a peak in the demand that drives the price up with a long increasing candle. This pattern is especially common in the cryptocurrency markets due to its high volatility. The Marubozu is rather a continuation pattern. Therefore, whenever it appears in a chart, it implies that the price is likely to continue increasing and can be interpreted as a buy signal. It can be easily combined with other indicators and patterns to reinforce the strategy.
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