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Crypto · candlestick pattern

Bearish marubozu on Optimism

On Optimism the bearish marubozu showed up 165 times. The target came first 43% of the time, the stop 48%, and 8% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour2730%59%11%
Hourly13746%46%8%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism16543%48%8%
All Crypto charts6,44037%56%7%
Every market10,77737%57%6%

Year by year

YearFoundTarget firstStop first
20221638%62%
20231942%42%
20244844%50%
20255151%41%
20263132%55%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bearish marubozu is

A full red body with no wicks. Sellers owned the whole candle.

Think of a sled sliding from the top of a hill to the bottom without a single bump. A bearish marubozu is a big red candle like that: price opened at the top and closed at the very bottom. Sellers were in charge from start to end.

The full bearish marubozu lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The bearish marubozu elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the bearish marubozu work on Optimism?

In 165 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 48%; 8% went nowhere within 12 candles.

What is the bearish marubozu?

A full red body with no wicks. Sellers owned the whole candle.