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Black Opening Marubozu Bearish Pattern



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Black Opening Marubozu Bearish Pattern

Black Opening Marubozu Bearish Pattern Basic Info

The Black Opening Marubozu is a single candlestick pattern characterized by a long red body, a lower shadow and absence of upper shadow. It is a strongly bearish candlestick pattern.

How to recognize Black Opening Marubozu Bearish Pattern

1. A Black Opening Marubozu has a lower shadow.
2. The day opens and prices go below the opening price. Prices continue to move down all day thus forming the long red body.
3. The closing price is below the opening price but not at the low of the day that gives us the lower shadow.

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