Advisory

Choose your Partner

Both partners offer free account opening and dedicated support.

Angel One

Best for active traders

₹ 0 Account Opening Open Account →

Motilal Oswal

Best for long-term wealth

₹ 0 Account Opening Open Account →
CANDLESTICK PATTERN GUIDE

Marubozu Candlestick Pattern Explained

A Marubozu is a candlestick characterized by a large real body and little or no upper and lower shadows. It can indicate strong directional price movement during a candle period, although its interpretation depends on the preceding trend, market context, and subsequent price action.

Pattern type
Single-candle pattern
Key feature
Large real body with little or no shadows
Bullish interpretation
Strong upward movement during the candle period
Bearish interpretation
Strong downward movement during the candle period

A strong candle does not guarantee that the next candle will continue in the same direction.

Explore the Pattern
Bullish and Bearish Marubozu candles side by side A blue Bullish Marubozu whose open is near its low and close near its high, next to an orange Bearish Marubozu whose open is near its high and close near its low. Neither candle has visible shadows. High ≈ Close Low ≈ Open High ≈ Open Low ≈ Close vs Bullish Marubozu Close above Open Bearish Marubozu Close below Open
The basics

What Is a Marubozu Candlestick?

Marubozu is a Japanese candlestick term commonly used for a candle with a large real body and little or no shadow. Here is the idea in simple language.

  • A classic full Marubozu has virtually no upper or lower shadow.
  • The real body represents the difference between the opening and closing prices.
  • The full candle range extends from the lowest to the highest traded price.
  • A Bullish Marubozu closes above its open.
  • A Bearish Marubozu closes below its open.
  • Variations may have a small shadow at one end or both ends, depending on the classification convention.
  • A Marubozu describes the price movement during one candle period; it does not independently predict future movement.
Typical candle

With visible shadows

High Close Open Low Upper shadow Real body Lower shadow

The traded range extends beyond the open and close at both ends.

Bullish Marubozu

Close above open

High ≈ Close Low ≈ Open Real body No upper shadow No lower shadow

Opens near the low, closes near the high, with no visible shadows.

Bearish Marubozu

Close below open

High ≈ Open Low ≈ Close Real body No upper shadow No lower shadow

Opens near the high, closes near the low, with no visible shadows.

Structure

Anatomy of a Marubozu

Dotted guide lines show where each candle begins and ends. In a classic full Marubozu, the body fills the entire range.

Bullish Marubozu

High Close ≈ High Low Open ≈ Low Real body (large) Upper shadow: none Lower shadow: none
  • Open is at or very near the low.
  • Close is at or very near the high, above the open.
  • The body is large relative to the full range.

Bearish Marubozu

High Open ≈ High Low Close ≈ Low Real body (large) Upper shadow: none Lower shadow: none
  • Open is at or very near the high.
  • Close is at or very near the low, below the open.
  • The body is large relative to the full range.
Open
First traded price of the candle period.
Close
Last traded price of the candle period.
High / Low
Highest and lowest traded prices in the period.
Shadows
Thin lines showing the range beyond the real body.

Thresholds vary. Some charting platforms and educational sources use slightly different thresholds for near-Marubozu candles. There is no single numerical rule that applies across the whole industry.

Variations

Types of Marubozu

Colors here only help you tell the drawings apart. The shape and the context matter, not the color.

A

Bullish Marubozu

Body High Close Low Open
  • A bullish candle with a large real body and little or no shadows.
  • Opens at or near its low and closes at or near its high.
  • May indicate strong upward directional movement during the period.
  • Its future significance depends on context and subsequent price action.
B

Bearish Marubozu

Body High Open Low Close
  • A bearish candle with a large real body and little or no shadows.
  • Opens at or near its high and closes at or near its low.
  • May indicate strong downward directional movement during the period.
  • Does not guarantee continued downward movement.
C

Opening or Closing Variations

Shadow at close end no shadow at open end no shadow at close end Shadow at open end Opening Closing Bullish examples (bearish ones mirror them)

Some classifications distinguish candles with a shadow at one end but not the other:

  • Opening Marubozu: often describes a candle with little or no shadow at the opening end and a shadow at the closing end.
  • Closing Marubozu: often describes a candle with a shadow at the opening end and little or no shadow at the closing end.

Terminology and exact definitions vary across educational sources and markets.

Formation

How Does a Marubozu Form?

Three steps within a single candle period. Both a bullish and a bearish version are shown in each step.

  1. Bullish Bearish Open ≈ Low Open ≈ High

    Opening Price

    The candle period begins at or near one extreme of its trading range.

  2. Bullish Bearish Moves up Moves down

    Strong Directional Movement

    Price moves predominantly upward or downward during the period.

  3. Bullish Bearish Close ≈ High Close ≈ Low

    Closing Price

    Price finishes near the opposite extreme, leaving little or no shadow at one or both ends.

Bullish: close above openBearish: close below open

Possible interpretation

  • A Bullish Marubozu reflects strong upward price movement during that period.
  • A Bearish Marubozu reflects strong downward price movement during that period.
  • The candle alone cannot reveal the cause of the movement or guarantee that the direction will continue.
Worked example

Hypothetical OHLC Example

Two idealized candles built from hypothetical prices. They do not represent a live market or an actual security.

Hypothetical Bullish and Bearish Marubozu candles Both candles span from 100 rupees to 110 rupees with no shadows. The bullish candle opens at 100 and closes at 110. The bearish candle opens at 110 and closes at 100. ₹110 ₹100 Close = High = ₹110.00 Open = Low = ₹100.00 Open = High = ₹110.00 Close = Low = ₹100.00 Bullish Marubozu Close (₹110) above Open (₹100) Bearish Marubozu Close (₹100) below Open (₹110)
Bullish: up triangle, close above openBearish: down triangle, close below open

OHLC values (₹)

Hypothetical OHLC values for a Bullish and a Bearish Marubozu
CandleOpenHighLowClose
Bullish₹100.00₹110.00₹100.00₹110.00
Bearish₹110.00₹110.00₹100.00₹100.00

Hypothetical values only. They do not represent a live market or an actual security.

Example A: Bullish Real body = |Close − Open| = ₹10.00
Full range = High − Low = ₹10.00
Body-to-range = 10 ÷ 10 = 100%

Open equals the low and close equals the high, making this an idealized full Bullish Marubozu.

Example B: Bearish Real body = |Close − Open| = ₹10.00
Full range = High − Low = ₹10.00
Body-to-range = 10 ÷ 10 = 100%

Open equals the high and close equals the low, making this an idealized full Bearish Marubozu.

Try it yourself

Interactive Marubozu Identifier

Enter the OHLC values of one candle to see its structure measured. The thresholds below are illustrative rules for this calculator, not universal industry standards. This tool describes candle structure only. It gives no buy or sell advice and no prediction of future prices.

Candle values (₹)
Educational rules (adjustable)

Default rules: the real body is at least 95% of the full range, and the upper and lower shadows are each no more than 2.5% of the full range. Body can be set from 50 to 100, shadows from 0 to 25. A “large-bodied” candle here means a body of at least 50% of the range.

Press Check Candle after changing any value.

Bullish Marubozu-like structure

    Real body size
    —
    Full candle range
    —
    Upper shadow
    —
    Lower shadow
    —
    Body-to-range ratio
    —

    Educational structure check only. It is not a trading signal or a prediction.

    Context

    What Does a Marubozu Mean in Different Market Conditions?

    These are possible interpretations, not guaranteed predictions.

    After an Uptrend

    A Bullish Marubozu may reflect strong upward momentum during the candle period. However, an extended move may also be followed by consolidation or a pullback.

    After a Downtrend

    A Bearish Marubozu may reflect strong selling pressure during the candle period. It does not guarantee that the decline will continue.

    Near Support or Resistance

    A Marubozu near a relevant price zone may be worth examining alongside the broader chart, but price levels can fail and a large candle can move through a zone without establishing a lasting trend.

    During Breakouts

    A large-bodied candle may accompany a breakout from a trading range. Breakouts can fail, and the candle alone cannot establish whether the move is sustainable.

    Checklist

    How to Read and Confirm a Marubozu

    Tick each point as you work through it. The ticks are only for your own reference on this page.

    Educational checklist

    0 of 8 points reviewed

    Why confirmation can fail

    A large candle can occur during news-driven volatility, and confirmation can fail. A move that looks convincing on one candle may fade on the next.

    No single candle guarantees continued momentum. Treat a Marubozu as one piece of evidence to examine with the rest of the chart, not as an answer on its own.

    Compare

    Marubozu vs Other Candlestick Patterns

    These patterns describe candle structures and should be interpreted within market context.

    Comparison of Marubozu, Doji, Spinning Top and Hammer candlestick patterns
    PatternMain visual featureCommon interpretationImportant limitation
    Marubozu
    Large real body with little or no shadow. Strong directional movement during the candle period, upward if bullish and downward if bearish. Does not predict continuation by itself, and thresholds vary across sources.
    Doji
    Open and close are equal or very close, producing an extremely small real body. Often read as a balance between buyers and sellers during the period. Meaning depends heavily on context, and shadow lengths vary widely.
    Spinning Top
    Small real body with upper and lower shadows. Often read as price moving in both directions with no clear winner in the period. A common shape that is weak on its own, and “small” has no single definition.
    Hammer
    Small real body near the upper part of the range and a relatively long lower shadow. Commonly studied after a decline as a possible sign that lower prices were rejected. Needs further evidence, does not guarantee a reversal, and “long” varies by source.
    Avoid these

    Common Mistakes

    Assuming guaranteed continuation

    A strong candle describes one period. The next candle may continue, pause, or reverse.

    Confusing a large candle with a confirmed breakout

    A large candle may accompany a breakout, but breakouts can fail. What price does afterwards matters.

    Ignoring the trend and nearby price levels

    The same candle can mean different things after a long rally, after a decline, or inside a range.

    Assuming all variations look identical

    Opening, closing, and near-Marubozu candles differ in their shadows, and definitions vary by source.

    Ignoring volatility, liquidity, news, and timeframe

    A large candle on a thin or news-driven day, or on a different timeframe, can carry a different meaning.

    Deciding without considering risk or costs

    Costs, position size, and the possibility of a reversal all matter. Plan for risk before acting.

    Balanced view

    Advantages and Limitations

    Potential advantages

    • Easy to recognize once its structure is understood.
    • Clearly illustrates directional price movement during a candle period.
    • Helps learners compare real-body size with total candle range.
    • Can complement broader technical analysis.
    • Provides a useful example for understanding opening and closing prices.

    Limitations

    • Does not guarantee continuation or reversal.
    • Can appear during temporary, news-driven price movements.
    • Classification thresholds vary across educational sources and platforms.
    • Its meaning depends on market context and timeframe.
    • Does not replace independent research or risk management.
    Recap

    Key Takeaways

    1. A Marubozu is a candle with a large real body and little or no shadow.
    2. A Bullish Marubozu closes above its open.
    3. A Bearish Marubozu closes below its open.
    4. The size of the body and shadows helps describe the candle’s structure.
    5. A Marubozu reflects price action during one period; it does not guarantee what happens next.
    Questions

    Frequently Asked Questions

    A Marubozu is a candlestick with a large real body and little or no upper and lower shadows. It shows strong directional movement during the candle period.

    Educational Disclaimer

    Educational content only. Candlestick patterns do not guarantee future price movements and should not be used as the sole basis for investment or trading decisions. Markets involve risk. Conduct independent research and consider your financial circumstances before making financial decisions.

    Advertisments

    Compare India's most trusted brokers side-by-side to find your perfect match.