Read Marubozu candlestick pattern - पूरी जानकारी.

 Read Marubozu candlestick pattern - पूरी जानकारी.

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

·      Read Marubozu Candlestick Pattern: Explained.

·      How to Recognize the Read Marubozu Candlestick Pattern.

·      The Read Marubozu Pattern's variations.

·      Trading the Read Marubozu Candlestick Pattern: A Guide.

·      Trading Techniques for the Read Marubozu Candlestick Pattern.

Ø Strategy 1: Retractions on Bare Charts Read Marubozu.

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

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

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

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

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

Read Marubozu Candlestick Pattern: Explained.

One type of Japanese candlestick pattern is the Read Marubozu.

The reversal pattern is bearish.

It usually shows rejection from higher prices and comes following a price rise to the upside.

Because we anticipate a bear move following the appearance of a Read Marubozu at the proper place, the pattern is bearish.

It's a reversal pattern since we want to see price growth prior to the Read Marubozu appearing, which is also a common indication that a trend is coming to an end.

The Green Marobuzu candlestick pattern is reflected in the Read Marubozu pattern.

How to Recognize the Read Marubozu Candlestick Pattern.

One candle creates the Read Marubozu candlestick pattern.

The Read Marubozu candlestick pattern can be recognized as follows:

1.    Just one candle that is bearish.

2.    The body must be large.

3.    Wicks ought to be small or nonexistent.

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

The Read Marubozu Pattern's variations.

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

The Read Marubozu is available in three versions:

·      Complete: No wicks on either side.

·      There is a tiny wick at the bottom but no wicks at the top being open.

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

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

Trading the Read Marubozu Candlestick Pattern: A Guide.

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

Let me clarify.

A pattern is valid not only because of its shape but also because of where it appears.

This implies that the same form could represent multiple things depending on where it appears.

The price should first rise, indicating a bullish move, before we trade the Read Marubozu.

Following this bullish rise, a Read Marubozu appears, which could indicate a potential negative reversal.

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

The Read Marubozu pattern is traded when the candle's low is breached, and it's that easy.

You should short that conservative trigger.

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

Because trading doesn't always go as planned, you also want to protect yourself.

And we employ a stop loss for that.

Stop losses come in a variety of varieties.

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

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

But hold on; don't trade the Read Marubozu just yet.

We need to know a few more things.

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

The following are some trading tactics for the Read Marubozu pattern.

Trading Techniques for the Read Marubozu Candlestick Pattern.

Strategy 1: Retractions on Bare Charts Read Marubozu.

The Read Marubozu is an excellent pattern to keep an eye on when the price is down because it is a bearish reversal pattern.

Simply watch for the beginning of a retreat and then recognize the Read Marubozu.

Usually, that signals the conclusion of the retreat and the beginning of the next leg downward. 

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

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

A good area to look for price reversals is at the levels of support and resistance.

We want to use resistance levels while trading the Read Marubozu because we are searching for moves to the negative. 

How it operates:

·      On your charts, draw the levels of resistance.

·      Hold off until the price rises and reaches the resistance level.

·      Verify whether a Read Marubozu shows up at that level.

·      When the price breaches the Read Marabou’s low, it is short.

·      Assume a downward move and set your take-profit and stop-loss levels.

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

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

When it comes to trading patterns, moving averages are excellent indicators.

When the price is declining, the strategy is to trade pullbacks to the moving average.

How it operates:

·      When the price falls below a moving average, you can identify a downtrend.

·      Await a price increase before it reaches the moving average.

·      Examine whether a Read Marubozu shows up at the moving average.

·      Short when the Read Marubozu's price breaks its low.

·      Decide on your take-profit and stop-loss levels and anticipate further declines.

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

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

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

The price must first be on an upward trend, producing higher highs and higher lows, in order to identify a bearish RSI divergence.

This is how it operates:

·      Look for an upward trend.

·      After each leg to the upside, note the highs the price reaches.

·      Comparing the price highs with the RSI indicator at the same time.

·      You can identify a divergence when the price makes higher highs and the RSI makes lower highs.

·      You now have to wait for a Read Marubozu to show up at a higher price high that coincides with a lower RSI high.

·      Short when the Read Marubozu's price breaks its low.

·      Assume a downward move and set your take-profit and stop-loss levels.

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

Strategy 5: Using Fibonacci to Trade the Read Marubozu.

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

Fibonacci indicates retracement levels at which the price is likely to regularly revert.

Different levels are more likely to complement the Read Marubozu pattern depending on the trend's intensity. More information about the various Fibonacci retracement levels may be found here.

This is how the strategy operates:

·      The price should be on a downward trend or at the beginning of a new one.

·      After that, you watch for an upward move, which always occurs eventually.

·      Draw the levels from the move's peak to low using your Fibonacci tool.

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

·      Short when the Read Marubozu's price breaks its low.

·      Establish your take-profit and stop-loss levels and anticipate a decline.

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

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

Pivot points are automatically determined levels of resistance and support based on mathematical calculations.

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

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

·      Turn on your charts' Pivot Points indicator.

·      Look for pivot points that is above the price; these will typically act as resistances.

·      Although it's not necessary, it's ideal to observe the price declining.

·      Await a price increase to reach a Pivot Point level.

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

·      When the price breaches the Read Marubozu's low, it is short.

·      Establish your take-profit and stop-loss levels and anticipate a decline.

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

What Is The Read Marubozu's Success Rate?

The Read Marubozu candlestick pattern has a 60% success rate, per Thomas N. Bulkowski's Encyclopedia of Candlestick Charts.