What are the general similarities between Marabozo, Gig and Doji?

These are all basic types of Japanese candles. These are also used in multiple candle patterns that you will recognize in the future.

Let’s take a closer look at each of them and their impact on price performance.

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Spinning tops

Japanese candlesticks with long upper and lower shadows and short main body are called tops. The color of the main body does not matter much.

The Spinnig Tops pattern shows skepticism between buyers and sellers.

The small main body (whether empty or full) indicates low mobility from start to finish, and the shadows indicate that buyers and sellers are fighting but none have excelled.

Although this session started and ended with a few changes, prices have gone up and down dramatically.

None of the buyers or sellers won and the result of this meeting was the stand of the parties.

• If Spinnig Tops are formed during an uptrend, it means that there are not many buyers left and a reversal may occur in the opposite direction of the trend.
• If this situation occurs during the downtrend, it means that there are not many sellers left and a reversal may occur in the opposite direction of the trend.

Marabozu or Marubozu

Sounds like a spell, doesn’t it? “In the name of Marubozu, I curse you.”

Fortunately, this word does not have such a meaning. This word means that the bodies have no shadow.

The word Marubozu in Japanese means “bald head” or “shaved head”.

Therefore, Marabuzo candle is a bald candle or shaved candle, which means that this candle has no shadows or wicks.

Depending on whether the body of the candle is full or empty, the ceiling point and the floor of the candle are the same starting or ending point.

You can see two different types of Marabuzo in the picture below.

The white marabou has a long white body and no shadow. The starting price is equal to the lowest price and the final price is equal to the highest price

This means that the candle starts at the lowest price and ends at the highest price.

This candle is very much related to bull patterns (bullish market) because buyers were in control of the situation throughout the session. This is usually the beginning of a steady climb or a return from a downtrend.

The black Marubozu consists of a tall, shadowless black body. The beginning is equal to the price of the ceiling and the end is equal to the price of the floor.

This means that the candle started with the highest price and ended with the lowest price.

This is a completely bearish candle because the sellers have been in control of the situation all along. This usually means a continuation of the downtrend or a return from an uptrend to a downtrend.

Depending on the location of the Marubozu and its color, note the following:

White Marabouzi

• If it forms at the end of an uptrend, the probability of continuation is high.
• If it forms at the end of a downtrend, there is a high chance of a return.

Black Marabuzo

• If it forms at the end of a downtrend, it is likely to continue.
• If it forms at the end of an uptrend, the probability of a return is high.

Candlestick Doji

Dodge candlesticks have the same starting and ending prices, or at least their bodies are extremely short. A Dodge should have a very small body that looks like a thin line.

Dodge candles show hesitation or conflict over the choice of territory between buyers and sellers.

The price goes higher and lower than the initial value, but eventually stops at the same price or very close to the same starting price.

Neither buyers nor sellers have been able to take control of the situation, so the outcome of this dispute is a draw.

There are four different types of Dodge candlesticks.

The length of the upper and lower shadows varies, and the resulting Forex candle can be similar to a cross, inverted cross, plus sign, or just a line.

A candle that looks like a cross is called a dragonfly.

A candle that looks like an inverted cross is called a gravestone.

When a Dodge pattern appears in your diagram, pay close attention to the candles before it.

If the Dodge is formed after a series of long, hollow candlesticks such as white marabou, it means that buyers are getting tired and weak.

We need more buyers to keep raising prices, but there are no more buyers! The sellers are eager to follow the conditions and are ready to enter the field and lower the prices.

If the Dodge is formed after a set of tall, full bodies, such as a black marabou, the dealers are getting tired and weak.

We need more sellers to keep the price down but there are no more sellers! Buyers are eager to find a way to buy at a low price and push the market up.

As prices decline due to a shortage of new sellers, more purchasing power is needed to stabilize price returns.

Look for a white candle that closes above the starting price of a tall black candle. (After the Dodge candlestick, create an ascending candlestick that closes above the starting point of the previous descending candlestick).

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