CLOSING MARUBOZU

DOWN CLOSING MARUBOZU: Extreme bearish, the down body of the candlestick is longer relative to the other candlesticks on the chart, a shadow on the opening side but no shadow on the closing side. Sellers controlled the price action from the first trade to the last trade, prices go slightly higher, forming an upper shadow. A decline drives prices over the opening price and continues to ending with a closing price equal to the low. The bears are very strong. Possible a potential turning point and prices have reached a resistance level after an extended rally or after a long and significant decline, prices are at dangerously low levels.

UP CLOSING MARUBOZU: Extreme bullish, the UP body of the candlestick is longer relative to the other candlesticks on the chart, a shadow on the opening side but no shadow on the closing side. Buyers controlled the price action from the first trade to the last trade, prices go slightly lower forming a lower shadow. A rally drives prices over the opening price and continues to ending with a closing price equal to the high. The bulls are very strong. Possible a potential turning point and prices have reached a support level after an extended decline or after a long and significant rally, prices are at dangerously high levels.