The chart showing Series 1 series.
This candlestick represents extreme bullishness and it is characterized with a long white body that has a lower shadow but no upper shadow.
Recognition Criteria
1. The body of the candlestick is white and long.
2. There is no upper shadow.
Candlestick Requirements and Flexibility
The white body of the candlestick should be longer relative to the other candlesticks on the chart. It has a shadow on the opening side but no shadow on the closing side.
Trader’s Behavior
A White Closing Marubozu indicates that the buyers controlled the price action from the first trade to the last trade. The day opens and prices go slightly lower forming a lower shadow. This is followed by a rally that drives prices over the opening price, and the rally continues all day ending with a closing price equal to the high of the day. The bulls are very strong during the day except during the initial phase of the session.

This candlestick is generally bullish. However, its position within the broader technical picture is also important. It may show a potential turning point and suggests the fact that prices have reached a support level after an extended decline. If it is seen after a long and significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading.


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