Closing Marubozu

Overview

A closing marubozu has no shadow extending from the close.  This means that if the security finishes up, it closed at the high and if it finished down it closed at the low.  A white closing marubozu is considered bullish, while a black closing marubozu is considered bearish.  The one thing to note is that on 5-minute bar charts, a closing marubozu can sometimes generate quick counter moves that can be used for great scalping opportunities in the opposite direction of the primary trend.  Before taking a position in the direction of the closing marubozu, you will want to wait for the high or low of the bar to be exceeded as confirmation that the primary trend is still intact. 

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