Green Marubozu Candlestick Pattern - पूरी जानकारी.

 

Green Marubozu Candlestick Pattern - पूरी जानकारी. 

How to Trade the Green Marubozu Candlestick Pattern.

You can get all the information you require regarding the Green Marubozu candlestick pattern here.

·      The Green Marubozu Candlestick Pattern: Explained.

·      How to Recognize the Green Marubozu Candlestick Pattern.

·      The Green Marubozu Candlestick Pattern's variations.

·      Trading the Green Marubozu Candlestick Pattern: A Guide.

·      Trading Techniques for the Green Marubozu Candlestick Pattern.

 

Ø Strategy 1: Retractions on Bare Charts.

Ø Strategy 2: Using Support Levels to Trade the Green Marubozu.

Ø Strategy 3: Using Moving Averages to Trade the Green Marubozu.

Ø Strategy 4: Using RSI Divergences to Trade the Green Marubozu.

Ø Strategy 5: Using Fibonacci to Trade the Green Marubozu.

Ø Strategy 6: Using Pivot Points to Trade the Green Marubozu.

The Green Marubozu Candlestick Pattern: Explained.

The candlestick pattern known as "Green Marubozu " created in Japan.

The pattern of reversal is bullish.

It usually manifests itself following a drop in price and indicates a rejection of low prices.

Because we anticipate a bull move once the Green Marubozu show up at the proper spot, the pattern is bullish.

It is a reversal pattern since we want to see the price decline before the Green Marubozu show up, so it is also a common indication that a trend is coming to an end.

The Red Marubozu candlestick pattern is reflected in the Green Marubozu pattern.

 How to Recognize the Green Marubozu Candlestick Pattern.

A single candle creates the Green Marubozu candlestick pattern.

The Green Marubozu candlestick pattern can be recognized as follows:

1.    Just one bullish candle.

2.    The body must be large.

3.    Wicks ought to be small or nonexistent.

4.    Wicks ought to be small or nonexistent.

Look at…………...................................

The Green Marubozu Candlestick Pattern's variations.

On your charts, the Green Marubozu candlestick pattern can look a little different.

The Green Marubozu is available in three versions:

·      Full: Neither the top nor the bottom wicks.

·      Open: There is a small wick at the top but no wicks at the bottom.

·      Close: There is a small wick at the bottom but no wicks at the top.

 Look at………......................................

Trading the Green Marubozu Candlestick Pattern: A Guide.

Finding a candle on your charts with the same form is not enough to trade the Green Marubozu candlestick pattern.

Let me clarify.

A pattern's validity depends not just on its shape but also on where it appears

This indicates a shape that appears in multiple places could signify different things.

The price should first decline, indicating a bearish move, before we trade the Green Marubozu.

Following this negative move, a Green Marubozu indicates a potential upside reversal.

Look at……..................................

The Green Marubozu pattern is traded when the candle's high is broken, and it's that easy.

That serves as your long-term conservative trigger.

Look at…...................................

Now that things don't always go as planned when trading, you also want to protect yourself.

And we employ a stop loss for that.

There exist multiple varieties of stop loss strategies.

The most popular method is to set it using the other side of the pattern.

Look at…..........................................

But hold on, don't trade the Green Marubozu just yet.

A few other details need to be considered.

The Green Marubozu candlestick pattern should ideally be traded in conjunction with other technical analysis or indicators to improve accuracy.

The Green Marubozu pattern can be traded using strategies as follows.

Trading Techniques for the Green Marubozu Candlestick Pattern.

Strategy 1: Retractions on Bare Charts.

When the price is rising, the Green Marubozu is a bullish reversal pattern that is worth keeping a check on.

Simply wait for a pullback to begin, and then look for the Green Marubozu.

That often indicates the start of the fresh leg to the higher and the conclusion of the pullback.

For Example…………….....................

Strategy 2: Using Support Levels to Trade the Green Marubozu.

Levels of support and resistance are excellent sources of price reversals.

We wish to trade the Green Marubozu using support levels since we are searching for upward movements. 

How does it operate?

·      On your charts, indicate the support levels.

·      Await a drop in price that reaches the support level.

·      See whether there is a Green Marubozu at that level.

·      When the price of the Green Marubozu reaches its peak, go long.

·      Assume a move to the upside and set your stop loss and take profit levels.

For Example…………………..............

Strategy 3: Using Moving Averages to Trade the Green Marubozu.

For trading trends, moving averages are excellent trading indicators.

When prices are rising, the strategy here is to trade pullbacks to the moving average.

 How does it operate?

·      Look for an upward trend where the price exceeds a moving average.

·      Await the price decreasing to the moving average.

·      Verify whether the moving average shows a Green Marubozu.

·      When the price of the Green Marubozu reaches its peak, go long.

·      Determine your take-profit and stop-loss levels and expect one more upward trend. 

For Example………......................

Strategy 4: Using RSI Divergences to Trade the Green Marubozu.

 Compared to the other trading tactics, this is a little different.

The price must first be in a downtrend and making lower highs and lower lows in order for there to be a bullish RSI Divergence.

It operates as follows:

·      Look for a downward trend.

·      After every leg to the downside, note the lowest points the price hits.

·      Compare the price lows and the RSI indicator together.

·      You have identified a divergence when the price is making lower lows and the RSI is making higher lows.

·      You now watch for a Green Marubozu to show up at a lower price low that coincides with a higher RSI low.

·      When the price of the Green Marubozu hits its peak, go long.

·      Assume a move to the upside and set your stop loss and take profit levels.

For Example……….............................

Strategy 5: Using Fibonacci to Trade the Green Marubozu.

The Fibonacci retracement tool is another well-liked method of trading the Green Marubozu candlestick.

Fibonacci indicates retracement levels, or points at which price patterns regularly reverse.

The Green Marubozu pattern is more likely to function with different levels depending on the trend's strength. You may read more about the various Fibonacci retracement levels here.

The strategy operates as follows:

   ·      The price should be trending upward, as expected.

·      After that, you wait for a decline, which will inevitably occur in time.

·      Using your Fibonacci tool, sketch the levels of the motion from its low to its high.

·      You should wait till the price reaches a Fibonacci level and prints a Green Marubozu.

·      When the price of the Green Marubozu reaches its peak, go long.

·       Assume a move to the upside and set your stop loss and take profit levels.

For Example………....................................

Strategy 6: Using Pivot Points to Trade the Green Marubozu.

 Automatic support and resistance levels determined by mathematical algorithms are known as pivot points.

The Daily Pivot Points are the most commonly employed while day trading, though the Weekly and Monthly are also often used.

Here's how to use pivot points to trade the Green Marubozu pattern:

·      Turn on your charts' Pivot Points indicator.

·      Examine which pivot points are less expensive; these will typically serve as a source of support.

·      While not necessary, it is ideal to see the price on an upward trend.

·      Await the price dropping to a Pivot Point level.

·      You want to see a Green Marubozu pattern at that level, which indicates that the level is being rejected.

·      When the price of the Green Marubozu reaches its peak, go long.

·      Assume a move to the upside and set your stop loss and take profit levels.

For Example…………..................................

What Is The Green Marubozu Pattern's Success Rate?

The Green Marubozu candlestick pattern has a 75% success rate, according to Thomas N. Bulkowski's Encyclopedia of Candlestick Charts.