What Is Marubozu Candlestick?

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Marubozu is a Japanese word, in English translate to “bald head” or “shaved head”.  Look at the image below to understand better.

Marubozu Candlestick

Marubozu Candlestick does not have any upper or lower shadows(wicks). It only have the central bod(real body). You can easily identify this on candlestick charts. There are two types of Marubozu candles:

  1. Bullish marubozu(green) candle 
  2. Bearish marubozu(red) candle