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Crypto · candlestick pattern

Bullish marubozu on Optimism

On Optimism the bullish marubozu showed up 260 times. The target came first 35% of the time, the stop 56%, 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
Daily250%50%0%
4-hour3639%50%11%
Hourly22235%57%8%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism26035%56%8%
All Crypto charts8,08138%55%7%
Every market12,13438%55%7%

Year by year

YearFoundTarget firstStop first
20221932%58%
20234542%49%
20246933%57%
20256327%59%
20266442%58%

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 bullish marubozu is

A full green body with no wicks. Buyers owned the whole candle.

Imagine a runner who sprints from the start line to the finish line without slowing down once. A bullish marubozu is a big green candle like that: price opened at the bottom and closed at the very top. Buyers were in charge from start to end.

The full bullish 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 bullish 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 bullish marubozu work on Optimism?

In 260 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 56%; 8% went nowhere within 12 candles.

What is the bullish marubozu?

A full green body with no wicks. Buyers owned the whole candle.