Candlestick Patterns
Closing Marubozu Bearish
The Closing Marubozu Bearish is a bearish pattern represented by one candle. It is a long decreasing candle, with no lower wick and short, or none, upper wick. It takes place when there is a peak in the supply that drives the price down with a long decreasing candle. This pattern is especially common in the cryptocurrency markets due to its high volatility. The Marubozu is rather a continuation pattern. Therefore, whenever it appears in a chart, it implies that the price is likely to continue decreasing and can be interpreted as a sell signal. This sell pattern can be easily combined with other indicators and patterns to reinforce the strategy.
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