Sandwich + Bullish Engulfing confirmed with White Monk Candle. It's Continuation....

#1
Dear Super traders (including me),

Hopefully all of you enjoyed my old threads on candlestick patterns and till now I claim my success rate to be 100%. After all with great learning and 400+ points of gain per share, I manage to double my capital to larger extent which I never thought that it would be a glorious September of this year for me. To move further in imparting more education on candlestick pattern and giving light to traders with achieving only "SUCCESS" in money making I would like to post this thread with a very unique but strong pattern for Bullish season.

To start with an opinion, the market is showing no signs of weakness and this has been confirmed with a large Blue candle (can be white for "up") [attached image]. This pattern is known as "White Marubozu". here is the brief description as below -

The White Marubozu is a long white body with no shadows on either end. This is an extremely strong pattern. Consider how it is formed. It opens on the low and immediately heads up. It continues upward until it closes, on its high. Counter to the Black Marubozu, it is often the first part of a bullish continuation pattern. It is called a Major Yang or Marubozu of Yang.

Market trend is align with Global cues also now... so enjoy the pattern and ride again.

Arun P
 

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