Closing Maribozu candles.

This type of candle is one of the most common on candle charts; they can indicate either the continuation of a trend or be a signal for its reversal, it all depends on the appearance and combination in which it appears.

Maribozu - translated as “Cut”, this means that the closure of this timeframe occurred at a price greater than the maximum or less than the minimum, depending on the direction of the trend.

It is clear that there are two types of Maribozu - black and white.

Black Marubozu - appears during a downtrend and most often signals a trend continuation, as the candlestick's close is below the existing low. This candlestick is considered quite weak, and drawing conclusions based solely on its appearance is risky.

White Marubozu - unlike the black Marubozu, the white one is a stronger candlestick; when it appears, the daily high is below the closing price. This indicates that the existing uptrend is likely to continue.

If a Marubozu candlestick appears during an opposite trend, it likely indicates a high probability of a reversal.

Marubozu candlesticks come in different types, and depending on these, they characterize the trend . This article discusses closing Marubozu candlesticks.

If you use the MetaTrader 4 terminal, a bearish candlestick is white, and a bullish candlestick is black, meaning vice versa.