Stop loss for bullish marubuzo

[anvekarsid]

Hi,
Now for multiple candlestick patterns or for that matter any pattern has definite rules like for a bullish reversal the pattern should be formed in a downtrend and sorts. But for Marubuzo there is no trend rule.
Now my doubt is for example a bullish Marubuzo on an uptrend:

1. In an uptrend there is no support lines but only resistance lines.
2. Since the stop loss should be within 4% of the support line for a bullish reversal pattern, what will happen to bullish marubuzo then?
   Thanks.

@Karthik

[Karthik]

@anvekarsid

In an uptrend there is no support lines but only resistance lines.

Not true, unless the stock is at an ‘All time high’.

@anvekarsid

Since the stop loss should be within 4% of the support line for a bullish reversal pattern, what will happen to bullish marubuzo then?

The best part of marubuzo or any candlestick pattern is that they all come with a predefined SL price point. For instance, a bullish marubuzo has the low of the candle as the SL level.