WickCheck / Trading school / Marubozu
MarubozuIntermediate
A big candle with little or no wick: one side was in control the whole period.
What it means
Marubozu candles are often the displacement candle that leaves a fair value gap behind.
How to spot it
- Body is almost the full range of the candle.
Common mistakes
- Chasing the candle after it closes instead of waiting for a pullback.
Related terms
DisplacementA fast, strong move made of large candles, often leaving fair value gaps behind.…Fair value gapA three-candle pattern where the wicks of the first and third candle do not over…CandlestickOne bar of price: open, high, low and close for a period of time.…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.