A bearish closing Marubozu is a candlestick chart pattern indicating that bears have full control of the market, with the stock opening near its high for the day and closing near its low with no upper wick.
The main character is a Red body and does not have a shadow at the bottom.
Bearish Closing Marubozu example
Let’s see the chats for this pattern when a stock’s price opens near its high for the day and then closes near its low for the day with no upper shadow or wick.
This suggests a high probability of a further downward trend, but traders should confirm with other indicators before making investment decisions.
Disclaimer: All comapny chart are used only for learing purpose. There is no buy and sell recommandtion. All Technical analyst are learing purpose only.