Diagram above indicates both black and white bodies without upper and lower shadow. This is known as Marubozu, and its characteristics:-
- The high and low are represented by open and close, in this case.
- White Marubozu, is represented by Open equals to Low and Close equals to High. This means that buyer control the price action from the start of trading to the last trade.
- Black Marubozu, is represented by Open equals to High and Close equals to Low. This means the seller control the price action from start of trading to the last trade.
- The high and low are represented by open and close, in this case.
- White Marubozu, is represented by Open equals to Low and Close equals to High. This means that buyer control the price action from the start of trading to the last trade.
- Black Marubozu, is represented by Open equals to High and Close equals to Low. This means the seller control the price action from start of trading to the last trade.
No comments:
Post a Comment