Closing white marubozu

Definition

This candlestick represents extreme bearishness and it is characterized with a long black body that has an upper shadow but no lower shadow.

Recognition Criteria

1. The body of the candlestick is black and long.
2. There is no lower shadow.

Candlestick Requirements and Flexibility

The black body of the candlestick should be longer relative to the other candlesticks on the chart. It has a shadow on the opening side but no shadow on the closing side.

Trader