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Black Closing Marubozu Bearish Pattern

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Black Closing Marubozu Bearish Pattern

Black Closing Marubozu Bearish Pattern Basic Info

The Black Closing Marubozu is a single candlestick pattern characterized by its long red body. It does not have a lower shadow but it has an upper shadow.

How to recognize Black Closing Marubozu Bearish Pattern

1. A Black Closing Marubozu has an upper shadow.
2. The day opens, prices slightly move up creating the upper shadow but then prices start moving down all day long creating the long black body.
3. Then the day closes at the low of the day which explains the absence of the lower shadow.

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